Company cars: advisory fuel rates from 1 September 2014
29 August 2014
HMRC have published the latest quarterly revision to advisory fuel rates, as well as a reminder of how they should be used.
These rates apply to all journeys on or after 1 September 2014 until further notice. For 1 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 less |
11p |
|
1601cc to 2000cc |
13p |
|
Over 2000cc |
17p |
Hybrid cars are treated as either petrol or diesel cars for this purpose.
These rates are calculated from the fuel prices in the tables below:
|
Petrol |
||||||
|
Engine size (cc) |
Mean |
Applied |
Fuel price |
Fuel price |
Pence |
AFR |
|
up to 1400 |
51.06 |
43.4 |
129.3 |
587.8 |
13.5 |
14 |
|
1401 - 2000 |
42.24 |
35.9 |
129.3 |
587.8 |
16.4 |
16 |
|
over 2000 |
28.63 |
24.3 |
129.3 |
587.8 |
24.2 |
24 |
|
Diesel |
||||||
|
Engine size |
Mean |
Applied |
Fuel price |
Fuel price |
Pence |
AFR |
|
Up to 1600 |
62.36 |
53.0 |
133.7 |
608.0 |
11.5 |
11 |
|
1601 to 2000 |
53.25 |
45.3 |
133.7 |
608.0 |
13.4 |
13 |
|
Over 2000 |
43.30 |
36.8 |
133.7 |
608.0 |
16.5 |
17 |
|
LPG |
||||||
|
Engine size |
Mean |
Applied |
Fuel price |
Fuel price |
Pence |
AFR |
|
up to 1400 |
40.8 |
34.7 |
70.3 |
319.6 |
9.2 |
9 |
|
1401 - 2000 |
33.8 |
28.7 |
70.3 |
319.6 |
11.1 |
11 |
|
over 2000 |
22.9 |
19.5 |
70.3 |
319.6 |
16.4 |
16 |
Notes:
- Mean mpg - miles per gallon - from manufacturers' information, weighted by annual sales to businesses (Fleet Audits average, tax year 2010 to 2012).
- Applied mpg - adjusted downwards by 15% to take account of real driving conditions and lower fuel economy for older cars.
- For LPG, mpg is assumed to be 20% lower than for petrol due to lower volumetric energy density.
- Department for Energy and Climate Change latest petrol and diesel prices (19 August 2014), LPG (UK Average) from AA website (July 2014).