Latest HMRC advisory fuel rates

HMRC have announced new advisory fuel rates payable by employers in respect of company cars. These apply from 1 March 2012, until further notice.

Good news for those dealing with the administration of fuel claims as the only changes are to the diesel rates for “1600cc or less” and “2000cc or more” cars. Both increase by 1p per mile, with the former increasing from 12p to 13p per mile, and the latter from 18p to 19p per mile. Otherwise it is all as before.

Not so good news for those claiming fuel back on business miles as the (little) change has done nothing to keep up with fuel inflation.

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