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New advisory fuel rates from June

29 May 2013
Issue: 4405 / Categories: News , Employees , Income Tax

HMRC have announced new fuel rates for company cars. They will apply to all journeys on or after 1 June 2013 until further notice.

Employers may use either the previous or new rates for one month from the date of change and, therefore, make or require supplementary payments. They are under no obligation to do either. Petrol hybrid cars are treated as petrol vehicles for this purpose. The amounts can be used for VAT, but employers must retain receipts.

HMRC have announced new fuel rates for company cars. They will apply to all journeys on or after 1 June 2013 until further notice.

Employers may use either the previous or new rates for one month from the date of change and, therefore, make or require supplementary payments. They are under no obligation to do either. Petrol hybrid cars are treated as petrol vehicles for this purpose. The amounts can be used for VAT, but employers must retain receipts.

Engine size Petrol LPG
1,400cc or less 15p 10p
1,401cc to 2,000cc 17p 12p
Over 2,000cc 25p 18p
Engine size Diesel
1,600cc or less 12p
1,601cc to 2,000cc 14p
Over 2,000cc 18p

 

Issue: 4405 / Categories: News , Employees , Income Tax
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