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New advisory fuel rates from December

06 December 2016
Issue: 4579 / Categories: News

HMRC has announced new rates for company cars.

HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 December 2016 until further notice.

For one month from the date of change employers may use either the previous or new rates. They may 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     7p

1 401cc to 2 000cc         14p     9p

Over 2 000cc                  21p    13p

Engine size                  ...

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