Advisory Fuel Rates For Company Cars
New company car advisory fuel rates have been published which take effect from 1st June 2018.
The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car.
|Engine Size||Petrol- Amount per mile|
|1400cc or less||11p|
|1401cc to 2000cc||14p|
|Engine Size||LPG- Amount per mile|
|1400cc or less||7p|
|1401cc to 2000cc||9p|
|Engine Size||Diesel- Amount Per Mile|
|1600cc or less||10p|
|1601cc to 2000cc||11p|
- Reimburse employees for business travel in their company cars
- Require employees to repay the cost of fuel used for private travel
You must not use these rates in any other circumstances.
If you would like to discuss your car policy, please contact us.
Internet link: GOV.UK AFR