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New fuel rates for company cars.
HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 March 2016 until further notice.
For one month from the date of change, employers may use either the previous rates or the new ones. They may, therefore, make or require supplementary payments, but are under no obligation to do either.
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 |
10p |
7p |
|
1,401cc to 2,000cc |
12p |
8p |
|
Over 2,000cc |
19p |
13p |
|
Engine size |
Diesel |
|
1,600cc or less |
8p |
|
1,601cc to 2,000cc |
10p |
|
Over 2,000cc |
11p |
