Synopsis: Company cars – new advisory fuel rates from 1 December 2013
Date posted: Monday, December 02, 2013
HMRC has published revised advisory fuel rates to take effect from 1 December 2013. The new rates may be used to negotiate dispensations for mileage payments for business travel in company cars, or where employees are required to repay the cost of fuel used for private travel.
For one month from the date of change, employers may use either the previous or new current rates as they choose. Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either.
|1400cc or less||14p||9p|
|1401cc – 2000 cc||16p||11p|
|Over 2000 cc||24p||16p|
|1600cc or less||12p|
|1601cc – 2000 cc||14p|
|Over 2000 cc||17p|
Hybrid cars are treated as petrol or diesel cars for this purpose.