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HMRC have announced new fuel rates for company cars, which apply to all journeys on or after 1 March 2013 until further notice. For one month from the date of change, employers may use either the previous or new rates and therefore make or require supplementary payments, 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, but employers will need to retain receipts.
HMRC have announced new fuel rates for company cars, which apply to all journeys on or after 1 March 2013 until further notice. For one month from the date of change, employers may use either the previous or new rates and therefore make or require supplementary payments, 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, 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 | 13p |
| 1,601cc to 2,000cc | 15p |
| Over 2,000cc | 18p |
The advisory rates for Diesel cars has not increased since June 2011, but fuels prices are significatnly higher than then. Even the current calculations for this March are already lower than the pump prices at major supermarkets. I've worked out it now costs me 0.9pc per mile for each work trip I under take. Why the hell I am being under paid for work miles and still being hammerd for tax? Ridiculous.