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Advisory Fuel Rates Update For Company Cars

Advisory fuel rates for employees who use a company car have changed as of 1 March 2017.

The following rates will now apply. 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 2000cc22p14p

 

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.

Rates will relate to 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.

For any help or advice with financial planning talk to RPD

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