Advisory fuel rates for company cars
New advisory fuel rates took effect from 1 December 2013. Fuel rates are reviewed four times a year with changes taking effect on 1 March, 1 June, 1 September and 1 December. Due to the increased review time, HMRC’s previous policy where rates could change if fuel prices fluctuated by 5% or more has been withdrawn.
The rates below apply from 1 December 2013. 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.
Engine size Petrol LPG
1400cc or less 14p 9p
1401cc to 2000cc 16p 11p
Over 2000cc 24p 16p
Engine size Diesel
1600cc or smaller 12p
1601cc to 2000cc 14p
Bigger than 2000cc 17p