Advisory fuel rates for employees who use company cars have now changed.
The following rates apply as of 1 June 2017. Previous rates can be used for up to 1 month after the new rates apply:
| Engine size | Petrol - amount per mile | LPG - amount per mile |
| 1400cc or less | 11p | 7p |
| 1401cc to 2000cc | 14p | 9p |
| Over 2000cc | 21p | 14p |
The following rates apply for diesel cars:
| Engine size | Diesel - amount per mile |
| 1600cc or less | 9p |
| 1601cc to 2000cc | 11p |
| Over 2000cc | 13p |
Hybrid cars can be treated as either petrol or diesel cars.
Fuel rates only apply when:
- a company reimburses employees for business travel using their company car
- the employee is required to repay the cost of fuel for private travel.
Contact us today to discuss how these changes may affect your business.