Fuel rates changes for company cars
1st June 2017
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|
The following rates apply for diesel cars:
|Engine size||Diesel - amount per mile|
|1600cc or less||9p|
|1601cc to 2000cc||11p|
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.