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Fuel rates from March

02 March 2015
Issue: 4491 / Categories: For Action , Business , Employees , Income Tax , VAT

HMRC have announced new fuel rates for company cars, to apply to all journeys on or after 1 March 2015 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 11p 8p
1,401cc to 2,000cc 13p 10p
Over 2,000cc 20p 14p
Engine size Diesel
1,600cc or less 9p
1,601cc to 2,000cc 11p
Over 2,000cc 14p

 

Issue: 4491 / Categories: For Action , Business , Employees , Income Tax , VAT
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