Advisory rates that apply fuel cost for company cars changed as of 1 June 2016.
The new rates will only apply for the following:
- a company reimbursing employees for business travel in their company cars
- employees are required to repay the cost of fuel used for private travel.
The new rates apply from June 1 2016. The 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||10p||7p|
|1401cc to 2000cc||13p||9p|
|Engine size||Diesel -amount per mile|
|1600cc or less||9p|
|1601cc or 2000cc||10p|