HMRC Advisory mileage rates for employees with employer provided carsFriday, June 3rd, 2011
HMRC have just announced revised Advisory Rates to apply from 1 June 2011. For one month from the date of change, employers may use either the previous or new current rates, as they choose. The new rates are as follows
|1400cc or less||15p||11p|
|1401cc to 2000cc||18p||13p|
Petrol hybrid cars are treated as petrol cars for this purpose.
|1600cc or less||12p|
|1601cc to 2000cc||15p|
The rates are now to be reviewed four times a year. Any changes will take effect at the beginning of each calendar quarter – on 1 March, 1 June, 1 September and 1 December and will be published on the HM Revenue & Customs (HMRC) website shortly before the date of change.
In view of the increased frequency of review, HMRC will no longer consider changing the rates if fuel prices fluctuate by 5 per cent from the published rates.