HMRC has also published figures on how the rates are calculated, taking into account average and “real world” mpg figures, and average fuel prices.
The HMRC said: “We aim to provide employers with as much certainty as possible by keeping the fuel rates unchanged where there are modest variations in fuel prices. In line with the commitment made when they were introduced, they will be reviewed during a tax year only in the event of a variation in fuel prices of greater than 10% from the prices used at the time.”
Advisory fuel rates
Engine size | Petrol | Diesel | LPG | |||
1,400cc or less | 10p | 10p | 6p | |||
1,401-2,000cc | 13p | 10p | 8p | |||
Over 2,000cc | 18p | 13p | 10p | |||
Her Majesty’s Revenue & Customs has published new advisory fuel rates, which will apply to all company car journeys on or after August 1, until further notice.
HMRC has also published figures on how the rates are calculated, taking into account average and “real world” mpg figures, and average fuel prices.
The HMRC said: “We aim to provide employers with as much certainty as possible by keeping the fuel rates unchanged where there are modest variations in fuel prices. In line with the commitment made when they were introduced, they will be reviewed during a tax year only in the event of a variation in fuel prices of greater than 10% from the prices used at the time.”
Engine size | Mean | Applied | Fuel price | Fuel price | Pence per mile | AFR | ||||||
(cc) | mpg | mpg | (per litre) | (per gallon) | ||||||||
up to 1,400 | 46.7 | 42.0 | 96.6 | 439.2 | 10.4 | 10 | ||||||
1,400-2,000 | 38.5 | 34.7 | 96.6 | 439.2 | 12.7 | 13 | ||||||
over 2,000 | 27.9 | 25.1 | 96.6 | 439.2 | 17.5 | 18 | ||||||
Engine size | Mean | Applied | Fuel price | Fuel price | Pence per mile | AFR | ||||||
(cc) | mpg | mpg | (per litre) | (per gallon) | ||||||||
up to 2,000 | 50.3 | 45.3 | 97.2 | 441.9 | 9.8 | 10 | ||||||
over 2,000 | 37.5 | 33.7 | 97.2 | 441.9 | 13.1 | 13 | ||||||
Engine size | Mean | Applied | Fuel price | Fuel price | Pence per mile | AFR | ||||||
(cc) | mpg | mpg | (per litre) | (per gallon) | ||||||||
up to 1,400 | 37.4 | 33.6 | 46.2 | 210.0 | 6.2 | 6 | ||||||
1,400-2,000 | 30.8 | 27.7 | 46.2 | 210.0 | 7.6 | 8 | ||||||
over 2,000 | 22.3 | 20.1 | 46.2 | 210.0 | 10.5 | 10 | ||||||
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