New company car advisory fuel rates took effect from 1 December 2012. HMRC’s website states:
‘These rates apply to all journeys on or after 1 December 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 December 2012 can be found on the Advisory Fuel Rates factsheet on our Resources page
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.
Posted – 21/12/2012