Advisory Fuel Rates
repay the cost of fuel used for private travel at rates not higher than HMRC Advisory Rates, there will be no taxable profit (i.e. benefit) and no Class 1 NICs liability (rates are also acceptable for VAT purposes). Rates were originally reviewed on the 1st January and 1st July (from 2008) unless the price of fuel fluctuates by more than +/- 5%. Recently this review started taking place on 1st March, 1st June, 1st September and 1st December. COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS A new fuel rate for fully electric vehicles was introduced from 1st June 2018 whilst hybrid are treated as petrol or diesel, whichever is appropriate. Advisory fuel rates (pence per mile) from 28th January 2002 Date from Petrol Diesel LPG Electric 1400 cc or less 1401- 2000 cc Over 2000 cc 1600 cc or less 1601- 2000 cc Over 2000 cc 1400 cc or less 1401- 2000 cc Over 2000 cc 28/01/2002 10 12 14 9 12 06/05/2002 10 12 14 9 12 6 7 9 06/04/2004 10 12 14 9 12 7 8 10 01/07/2005 10 12 16 9 13 7 8 10
01/02/2007
9
11
16
9
12
6
7
10
01/08/2007
10
13
18
10
13
6
8
10
11 No printing, copying or reproduction permitted. 13 19 11 14 7 8 11 12 15 21 13 17 7 9 13 10 12 17 11 14 7 9 12 11 14 20 11 14 7 8 12 12 15 21 11 16 8 10 14 13 15 21 12 15 9 10 15 14 16 23 13 16 9 12 17 15 18 26 12 15 18 11 12 18 15 18 26 12 15 18 10 12 18 15 18 26 13 15 19 10 12 18
01/01/2008
01/07/2008
01/01/2009
01/12/2009
01/06/2010
01/12/2010
01/03/2011
01/09/2011
01/12/2011
01/03/2012
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