New company car advisory fuel rates have been published to take effect from 1 June 2012. HMRC’s website states:
‘These rates apply to all journeys on or after 1 June 2012 until further notice. 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.’
The advisory fuel rates for journeys undertaken on or after 1 June 2012 are:
Engine Size Petrol LPG
1400cc or less 15p 11p
1401cc to 2000cc 18p 13p
2001cc and above 26p 19p
Engine Size Diesel
1600cc or less 12p
1601cc to 2000cc 15p
2001cc and above 18p
Please note that not all of the rates have been increased, so care must be taken to apply the correct rate.
Other points to be aware of about the advisory fuel rates:
If you would like to discuss your car policy, please contact us.
Internet link: HMRC advisory fuel rates
Posted – 01/06/2012