HMRC have announced new fuel rates for company cars, to apply to all journeys on or after 1 September 2014 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, 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.
HMRC have announced new fuel rates for company cars, to apply to all journeys on or after 1 September 2014 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, 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 | 14p | 9p |
1,401cc to 2,000cc | 16p | 11p |
Over 2,000cc | 24p | 16p |
Engine size | Diesel |
1,600cc or less | 11p |
1,601cc to 2,000cc | 13p |
Over 2,000cc | 17p |