Company cars – advisory fuel rates from 1 June

The rates which employers can use to reimburse their employees who pay to put petrol in their company cars for business use have been updated.

The below rates apply to all journeys on or after 1 June 2014 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.

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

Source: HMRC