Did you know that HMRC now review its advisory rates for reimbursement of fuel used in company cars on a quarterly basis? The rates review quarterly, but there are no longer any changes for price fluctuations. The rates from 1 December 2011 to 29 February 2012 are:
| Engine size |
Petrol |
LPG |
| 1400cc or less |
15p |
10p |
| 1401cc to 2000cc |
18p |
12p |
| Over 2000cc |
26p |
18p |
| Engine size |
Diesel |
| 1600cc or less |
12p |
| 1601cc to 2000cc |
15p |
| Over 2000cc |
18p |
Changes are announced in late February, May, August and November, and can be found on the HMRC website at
www.hmrc.gov.uk/cars/advisory_fuel_current.htm
