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THE RIGHT FUNDING WHEN YOUR BUSINESS NEEDS IT

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Advisory fuel rates for company cars

Following a change in the advisory fuel rates by HMRC, from 1 June 2014 the mileage rates applying to company cars are as follows:

Engine Size Petrol LPG
1400cc or less 14p 9p
1401cc to 2000cc 16p 11p
Over 2000cc 24p 16p
Engine Size Diesel
1600cc or less 12p
1601cc to 2000cc 14p
Over 2000cc 17p

These rates will apply to all business journeys made from 1 June 2014. Hybrid cars are treated as either petrol or diesel cars for this purpose.

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