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HMRC Advisory Fuel Rates from December 1st 2011- Source HMRC
Her Majesty’s Revenue & Customs has published new advisory fuel rates, which will apply to all company car journeys on or after December 1st 2011, 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.
When asked if the rate will change if fuel prices go up or down, the HMRC said: “With effect from the January 2008 change, the rates will be reviewed twice a year. Any changes will take effect on 1 January and 1 July, but will be published on the HMRC website about 1 month in advance. HMRC will also consider changing the rates if fuel prices fluctuate by 5 per cent during each six month period.”
HMRC advise that employers should make themselves aware of changes by referring to the HMRC website in June and December each year.
Advisory fuel rates
December 2011 |
September 2011 |
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These rates are calculated based on the fuel prices in the below tables:
Petrol
| Engine size | Mean | Applied | Fuel price | Fuel price | Pence per mile | AFR | ||||||
| (cc) | MPG | MPG | (per litre) | (per gallon) | ||||||||
| up to 1400 | 48.1 | 40.9 | 133.4 | 606.3 | 14.8 | 15 | ||||||
| 1401 - 2000 | 40.7 | 34.6 | 133.4 | 606.3 | 17.5 | 18 | ||||||
| over 2000 | 27.8 | 23.7 | 133.4 | 606.3 | 25.6 | 26 | ||||||
Diesel
| Engine size | Mean | Applied | Fuel price | Fuel price | Pence per mile | AFR | ||||||
| (cc) | MPG | MPG | (per litre) | (per gallon) | ||||||||
| up to 1600 | 61.1 | 51.9 | 141.1 | 641.3 | 12.4 | 12 | ||||||
| 1601 - 2000 | 50.6 | 43.1 | 141.1 | 641.3 | 14.9 | 15 | ||||||
| over 2000 | 41.2 | 35.0 | 141.1 | 641.3 | 18.3 | 18 | ||||||
LPG
| Engine size | Mean | Applied | Fuel price | Fuel price | Pence per mile | AFR | ||||||
| (cc) | MPG | MPG | (per litre) | (per gallon) | ||||||||
| up to 1400 | 38.5 | 32.7 | 73.9 | 336.0 | 10.3 | 10 | ||||||
| 1401 - 2000 | 32.6 | 27.7 | 73.9 | 336.0 | 12.1 | 12 | ||||||
| over 2000 | 22.3 | 18.9 | 73.9 | 336.0 | 18.7 | 18 | ||||||
Please note: Customs will accept the above figures for VAT purposes though receipts will need to be retained in line with current legislation.
