Chartered Tax Advisers & Accountants

New company car fuel rates from 1 March 2015

Published On: 09 March 2015
  • Share on:

HMRC have announced new advisory fuel rates for employees driving company cars, and which will apply to all journeys made on or after 1 March 2015, as given below.

 Engine Size

 Petrol

 LPG

 Diesel

 1,400cc or less

 11p

 8p

 

 1,401cc to 2,000cc

 13p

 10p

 

 1,600cc or less

   

 9p

 1,601cc to 2,000cc

   

 11p

 Over 2,000cc

 20p

 14p

 14p

 

For this purpose, hybrid cars are treated as either petrol or diesel, such that a petrol hybrid is classed as a petrol car.

The previous rates can be used for up to one month from the date the new rates came into force.  Employers are not under any obligation to make or require supplementary payments.  The amounts can also be used for VAT but employers must keep receipts.