United Kingdom
28 February 2011 - New fuel advisory rates
HMRC's advisory fuel only mileage rates will be increased from 1 March 2011.
The new rates are as follows (previous rates in brackets):
Engine size Petrol Diesel LPG
1400cc or less 14p (13p) 13p (12p) 10p (9p)
1401 - 2000cc 16p (15p) 13p (12p) 12p (10p)
Over 2000cc 23p (21p) 16p (15p) 17p (15p)
These rates apply where employers:
- reimburse employees who pay for fuel for business travel in their company cars - if the rate per mile paid by the employer is no higher than the advisory rate, there is no taxable profit and no class 1 NIC liability
- require employees to repay the cost of fuel used for private travel, where the employer pays for all fuel - if the rate per mile paid by the employee is at least the advisory rate, there is no fuel benefit liability.
Click here for earlier rates.
Click here for more information on the use of these rates.