Advisory fuel rates for company cars
Many employers and employees make use of the advisory fuel rates published by HM Revenue & Customs. The rates apply where the employer:
- reimburses employees for business travel in company cars where the employer does not provide fuel, or,
- requires employees to reimburse the cost of employer provided fuel used for private travel, so potentially avoiding a private fuel benefit charge.
The advisory fuel rates are also acceptable for VAT purposes providing VAT receipts for fuel purchases are retained.
The rates will change with effect from 1 September 2014.
| engine size | petrol | lpg |
|---|---|---|
| 14000cc or less | 14p | 9p |
| 1401cc to 2000cc | 16p | 11p |
| Over 2000cc | 24p | 16p |
| engine size | diesel |
|---|---|
| 16000cc or less | 11p |
| 1601cc to 2000cc | 13p |
| Over 2000cc | 17p |
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