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News and Updates from CVSL

Company cars – Updated advisory fuel rates from 1 December 2013

The latest news from the HMRC is that they have published updated advisory fuel rates, which show reductions in the majority of categories.

See a full list of figures in the tables below; the summary being that there is a reduction of 1p per mile for diesel drivers, and up to 2p for petrol

These rates apply to all journeys on or after 1 December 2013 until further notice.

For one month from the date of change, employers may use either the previous or new current rates, as they choose. Employers may, therefore, make or require supplementary payments if they so wish, but are under no obligation to do either.

Engine size Petrol LPG
1400cc or less 14p 9p
1401cc to 2000cc 16p 11p
Over 2000cc 24p 16p

 

Engine size Diesel
1600cc or less 12p
1601cc to 2000cc 14p
Over 2000cc 17p

Hybrid cars are treated as either petrol or diesel cars for this purpose.

These rates are calculated from the fuel prices in the tables below:

Petrol
Engine size (cc) Mean
MPG
Applied
MPG
Fuel price
(per litre)
Fuel price
(per gallon)
Pence
per mile
AFR
up to 1400 51.06 43.4 129.9 590.5 13.6 14
1401 – 2000 42.24 35.9 129.9 590.5 16.4 16
over 2000 28.63 24.3 129.9 590.5 24.3 24

 

Diesel
Engine size
(cc)
Mean
MPG
Applied
MPG
Fuel price
(per litre)
Fuel price
(per gallon)
Pence
per mile
AFR
Up to 1600 62.36 53.0 137.5 625.0 11.8 12
1601 to 2000 53.25 45.3 137.5 625.0 13.8 14
Over 2000 43.30 36.8 137.5 625.0 17.0 17

 

LPG
Engine size
(cc)
Mean
MPG
Applied
MPG
Fuel price
(per litre)
Fuel price
(per gallon)
Pence
per mile
AFR
up to 1400 40.8 34.7 70.0 318.2 9.2 9
1401 – 2000 33.8 28.7 70.0 318.2 11.1 11
over 2000 22.9 19.5 70.0 318.2 16.3 16