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Advisory fuel rates effective 1 June published PDF Print E-mail
Thursday, 07 June 2012 00:00

The new advisory fuel rates that apply from 1 June 2012 until further notice have been published on the HMRC website.

The rates apply where employers reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel.

The rates do not apply in any other circumstances. For instance, they cannot be used by employees driving company cars to calculate a deduction if employers reimburse them at lower rates. They cannot be used for vans either.

However, businesses can use them to reclaim the VAT element on fuel mileage allowances but the employee must provide a receipt.

 

 

Engine size

Petrol

LPG

1400cc or less

15p

11p

1401cc to 2000cc

18p

13p

Over 2000cc

26p

19p

 

Engine size

Diesel

1600cc or less

12p

1601cc to 2000cc

15p

Over 2000cc

18p

 
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