News - Advisory Fuel Rates for Company Cars from 1 March 2014

3rd March 2014

HMRC have issued details of the latest Advisory Fuel Rates for Company Cars.

The rates can apply to all journeys made on or after 1st March 2014 until further notice. (December rates shown in brackets where there has been a change, but only one for this quarter).

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.

Employers are advised to review the latest available data in February, May, August and November each year.

Engine size Petrol LPG
1400cc or less 14p 9p
1401cc to 2000cc 16p 11p
Over 2000cc 24p 17p (16p)

 

Engine size Diesel
1600cc or less 12p
1601cc to 2000cc 14p
Over 2000cc 17p

Hybrid cars are treated as petrol cars for this purpose.

Follow this link for details on how the rates are calculated

 

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