Group Tax Compliance Manager PAUL BRIDES advises on new company car advisory fuel rates that took effect from 1 June 2013.
The new rates will apply to all journeys on or after 1 June 2013 until further notice. Employers will then have a month long window where they can 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.
The advisory fuel rates for journeys undertaken on or after 1 June 2013 are:
ENGINE SIZE PETROL LPG
1400cc or less: 15p 10p
1401cc – 2000cc: 17p 12p
Over 2000cc: 25p 18p
ENGINE SIZE DIESEL
1600cc: or less 12p
1601cc to 2000cc: 14p
Over 2000cc: 18p
Points to be aware of about the advisory fuel rates are:
For more information contact PAUL BRIDES on 0161 703 2500 or e-mail email@example.com
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