19th December 2016
New company car advisory fuel rates have been published which took effect from 1 December 2016. 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 December 2016 are:
|1400cc or less||11p|
|1401cc - 2000cc||14p|
|1400cc or less||7p|
|1401cc - 2000cc||9p|
|1600cc or less||9p|
|1601cc - 2000cc||11p|
HMRC guidance states that the rates only apply when you either:
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