Company Car Approved Fuel Rates from March 2015

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Company Car Approved Fuel Rates from March 2015

April 20, 2015
Chris Wankling
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In a better late than never update below are the latest approved fuel rates for company cars.

The new business mileage rates for company car drivers take effect from 1 March 2015.  The next update takes effect from the 1 June 2015 so check back here for up to date information.

The new company car business mileage rates are listed below, you can take advantage of the extra pennies for another month though if it’s beneficial.

Petrol advisory fuel rates from 1 March 2015

Engine size 1400cc or less 11p (down 2p)
1401cc to 2000cc 13p (down 3p)
Over 2000cc 20p (down 3p)

 

Diesel advisory fuel rates from 1 March 2015

Engine size 1600cc or less 9p (down 2p)
1601cc to 2000cc 11p (down 2p)
Over 2000cc 14p (down 2p)

 

LPG advisory fuel rates from 1 March 2015

Engine size 1400cc or less 8p (down 1p)
1401cc to 2000cc 10p (down 1p)
Over 2000cc 14p (down 2p)

For hybrid cars choose the fuel type relevant to your power train.

Note: these rates are not to be confused with Approved Mileage Allowance Payments (AMAPs) but can be used to calculate the amount of VAT you can recover when using AMAPs

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