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Amounts can be used for VAT
HMRC have announced new fuel rates for company cars.
The rates apply to all journeys on or after 1 December 2011 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.
Petrol hybrid cars are treated as petrol cars for this purpose.
The amounts can be used for VAT, but employers will need to retain receipts.
| Engine size | Petrol | LPG |
| 1,400cc or less | 15p | 10p |
| 1,401cc to 2,000cc | 18p | 12p |
| Over 2,000cc | 26p | 18p |
| Engine size | Diesel |
| 1,600cc or less | 12p |
| 1,601cc to 2,000cc | 15p |
| Over 2,000cc | 18p |
