Advisory fuel rates for company cars
New advisory fuel rates are effective from 1 June 2014. 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review time, HMRC’s previous policy whereby the rate could change if fuel prices fluctuated by 5% or more has been withdrawn.
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 to 2000cc||16p||11p|
|1600cc or smaller||12p|
|1601cc to 2000cc||14p|
|Bigger than 2000cc||17p|