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HMRC has published the latest fuel rates for company cars

04 December 2013

HMRC has published the latest table of rates for employers to use for reimbursement for fuel for company cars.

These take effect from 1 December 2013.

Advisory fuel rates are HMRC-approved rates which apply where employers reimburse employees for business travel in their company cars, and where employees reimburse the cost of fuel used for private travel in a company car. Using the advisory rates will mean that there is no fuel benefit charge. HMRC will also accept the figures in the table for VAT purposes, though employers will need to retain receipts. 

The rates from 1 December 2013 are: 

Engine size

Petrol

LPG

1400cc or smaller

14p

9p

1401cc to 2000cc

16p

11p

Over 2000cc

24p

16p

 

 

 

Engine size

Diesel

1600cc or smaller

12p

1601cc to 2000cc

14p

Over 2000cc

17p

 

The new rates apply to all journeys on or after 1 December 2013 until further notice. For one month from the date of change, employers may use either the previous or new current rates, as they choose. Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either. 

No change has been proposed to the rates for reimbursing employees for business travel in their own private vehicles, these remain at 45p per mile for the first 10,000 miles, dropping to 25p per mile for each additional mile, irrespective of vehicle engine size. Also, if you are taking passengers on the same business trip you can claim an extra 5p for each passenger.

 
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