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HMRC cuts company car mileage fuel rates

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5 December 2014

 

fuel cuts
Rate review: Falling oil prices have made HMRC cut rates

Petrol: AFR company car mileage fuel rates from 01 December 2014

  • Engine size 1400cc or less: 13p – 1p reduction
  • 1401cc to 2000cc: 16p – unchanged
  • Over 2000cc: 23p – 1p reduction

 

Diesel: AFR company car mileage fuel rates from 01 December 2014

  • Engine size 1600cc or less: 11p – 1p reduction
  • 1601cc to 2000cc: 13p – unchanged
  • Over 2000cc: 16p – 1p reduction
  • Drivers of petrol/electric hybrid company cars should use the petrol rates.
  • Drivers of diesel/electric hybrid cars should use the diesel rates.
  • Drivers of LPG company cars should use the following rates: Engine size 1400cc or less: 9p –unchanged; 1401cc to 2000cc: 11p – unchanged (LPG); Over 2000cc: 16p – unchanged (LPG)

Hybrid and LPG-fuelled company car mileage fuel rates

The AFR business mileage rates are to be used by company car drivers and should not be confused with Approved Mileage Allowance Payments, known as AMAPs, because these are the tax-free pence-per-mile rates applicable only when drivers use their private cars for business purposes.

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