We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time
The start point for the best source of fleet information |
HM Revenue and Customs has published the latest advisory fuel rates, due to be implemented from 1 December.
Rates of reimbursement of all diesel models remain the same; this means company car drivers with diesel engines below 1600cc will receive 9p per week, the 1601 to 2000cc band is rated at 11p and the 2000cc+ segment is listed at 13p.
Petrol-wise, the sub-1400cc band remains at 11p while the 1401-2000cc band has increased by a penny to 13p, and the 2000cc+ band has been reduced by a penny to 20p.
HMRC is undertaking the changes as part of its quarterly review. The rates apply only 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 apply to all journeys on or after 1 December until further notice. However, for one month from the date of change, employers may use either the previous or new current rates, as they choose.
Since March 2011 the rates have been reviewed four times a year. HMRC will no longer consider changing the rates - outside of the four scheduled reviews - if fuel prices fluctuate by more than 5% from the published rates.
BusinessCar magazine ©2019
Business Car Magazine © 2020 | Business Car is part of NS Media Group.
