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 Accounting News & Insights

New mileage rates for company cars

17th June 2013

HMRC has updated its advisory fuel rates (AFRs) for company cars.  The new rates apply from 1 June, but employers can continue to use the old rates until 30 June. AFRs may be used to avoid potential tax charges that can arise where:

  • A director/employee puts fuel into a company car or van for private journeys e.g for travelling between home and work, and your business pays for this fuel.
  • An employee pays for the fuel used in their company car or van, and you pay them an allowance to cover business travel.

In both cases, where the reimbursement rate is made at the AFR, HMRC accepts no fuel scale tax charge arises on the director or employee.

See table below for new rates:

Engine Size

Petrol

Liquid Petroleum Gas

Diesel

1400cc or less

15p

10p

-

1600cc or less

-

-

12p

1401cc to 2000cc

17p

12p

-

1601cc to 2000cc

-

-

14p

Over 2000cc

25p

18p

18p

http://www.hmrc.gov.uk/cars/advisory_fuel_current.htm

For further information please contact us:

enquiries@wardwilliams.co.uk


Accounting News & Insights

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