22 December 2011
New company car advisory fuel rates have been published to take effect from 1 December 2011
New company car advisory fuel rates have been published to take effect from 1 December 2011. HMRC website states:
'These rates apply to all journeys on or after 1 December 2011 until further notice, allowing them to reflect fuel prices more quickly. 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 theyso wish, but are under no obligation to do either. '
The advisory fuel rates for journeys undertaken on or after 1 December 2011 are:
Engine size Petrol Diesel LPG
1400cc or less 15p (15p) 10p (11p)
1401cc - 2000cc 18p (18p) 12p (12p)
Over 2000cc 26p (26p) 18p (18p)
1600cc or less 12p (12p)
1601cc - 2000cc 15p (15p)
Over 2000cc 18p (18p)
Please note that most rates have not changed. However, the rate for LPG cars reduced for those with an engine size of 1400cc or less.
Other points to be aware of about the advisory fuel rates: