Advisory Fuel Rates for Company Cars from 1 March 2016
26 February 2016
HMRC have issued details of the latest Advisory Fuel Rates for Company Cars.
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.
The new rates are below (previous rate in brackets where there is a change):
|
Engine size |
Petrol |
LPG |
|
1400cc or less |
10p (11p) |
7p |
|
1401cc to 2000cc |
12p (13p) |
8p (9p) |
|
Over 2000cc |
19p (20p) |
13p |
|
Engine size |
Diesel |
|
1600cc or less |
8p (9p) |
|
1601cc to 2000cc |
10p (11p) |
|
Over 2000cc |
11p (13p) |
Hybrid cars are treated as either petrol or diesel cars for this purpose.
Follow this link for details on how the rates are calculated