01252 711244 |

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

We have been impressed with the personal service received from Wise &Co, the speed at which our questions get answered and our accounts are attended to. Our business has grown substantially since we've been with Wise & Co.
Manufacturing client

LATEST NEWS

20th September 2017
The reduced dividend allowance

13th September 2017
Could you be overpaying your student loan?

12th September 2017
Get ready for the new data protection

DOWNLOAD OUR TAX APP

Wise & Co. tax app

All the latest tax rates, tips and calculators at your fingertips.

iOS Android