HMRC have announced new fuel rates for company cars, which apply to all journeys on or after today (1 September 2011) until further notice.
Engine size | Petrol | LPG |
1400cc or less | 15p | 11p |
1401cc to 2000cc | 18p | 12p |
Over 2000cc | 26p | 18p |
Engine size | Diesel |
1600cc or less | 12p |
1601cc to 2000cc | 15p |
Over 2000cc | 18p |
For one month from the date of change, employers may use either the previous or new current rates, as they choose.
Employers may make or require supplementary payments if they so wish, but they are under no obligation to do either. Petrol hybrid cars are treated as petrol cars for this purpose.
The amounts can be used for VAT purposes, but employers will need to retain receipts.