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Advisory Fuel Rates Change

Advisory fuel rates for company cars have updated as of 1 December 2016.

The changes will apply when an employer reimburses employees for business travel in their company car and when employees are required to repay the cost of fuel used for private travel.

The new rates apply from 1 December 2016. The previous rates can be used for up to 1 month after the new rates apply.

Engine sizePetrol – amount per mileLPG – amount per mile
1400cc or less11p7p
1401cc to 2000cc14p9p
Over 2000cc21p13p

The following rates apply for diesel cars:

Engine sizeDiesel – amount per mile
1600cc or less9p
1601cc to 2000cc11p
Over 2000cc13p

Hybrid cars can be treated as either petrol or diesel cars.

For any help or advice with financial planning talk to RPD

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