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Advisory fuel rates for company cars

8th June 2017

New advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 June 2017. 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.

The advisory fuel rates for journeys undertaken on or after 1 June 2017 are:

Engine size

Petrol

LPG

Diesel

1400cc or less

11p

7p

9p

1401cc – 2000cc

14p

9p

11p

Over 2000cc

21p

14p

13p

The guidance states that the rates only apply when you either:

  • 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 Wise & Co.

CLIENTS WORDS

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