HMRC makes last minute change to Advisory Fuel Rates

  • HMRC update to Advisory Fuel Rates

HM Revenue and Customs (HMRC) has made a last minute adjustment to its recently-announced Advisory Fuel Rates

HM Revenue and Customs (HMRC) has made a last minute adjustment to its recently-announced Advisory Fuel Rates for the next quarter, which take effect from March 1.

The rate for petrol-engined cars of over 2000cc has now been increased by 1p per mile to 22p. Originally, HMRC said that this rate had fallen 1p to 20p per mile.

All other rates remain unchanged as follows:

Engine sizePetrolLPG
1400cc or less11p7p
1401cc to 2000cc14p9p
Over 2000cc22p14p
Engine sizeDiesel
1600cc or less9p
1601cc to 2000cc11p
Over 2000cc13p

Hybrid cars are treated as either petrol or diesel cars for this purpose.

The company car advisory fuel rates are used by organisations to reimburse drivers for fuel used in incurring business, rather than private mileage. Companies can use the old rates for up to one month from the date the new rates apply.

The rates are based on current petrol and diesel prices from the Department for Energy and Climate Change, with the LPG taken from the UK average price from the AA website in the previous month.

By |March 1st, 2017|Categories: Driving, Fleet|0 Comments

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