Change to Advisory Fuel Rates from 1 December 2013

HMRC has published the advisory fuel rates to be used from 1 December 2013.  

Advisory fuel rates are HMRC-approved rates which apply where employers reimburse employees for business travel in their company cars, and where employees reimburse the cost of fuel used for private travel in a company car. Using the advisory rates means there is no fuel benefit charge. HMRC will also accept the figures in the table for VAT purposes, though employers will need to retain receipts. 

The new rates per mile are: 

Engine size

Petrol

Diesel

1400cc or less

14p

12p

1401cc to 2000cc

16p

14p

Over 2000cc

24p

17p

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