01252 711244 |

New advisory fuel rates for company cars

7th September 2017

New advisory fuel rates for company cars

New company car advisory fuel rates have been published which took effect from 1 September 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 September 2017 are:

Engine size

Petrol

LPG

Diesel

1400cc or less

11p

7p

9p

1401cc – 2000cc

13p

8p

11p

Over 2000cc

21p

13p

12p

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

The art world can offer unusual challenges for a business and Wise & Co have the experience to help me take these on. Sharmini’s sage and invaluable advice makes one really consider the bigger picture – this is a service and lifeline that goes above and beyond.
Fine art & antiques client

DOWNLOAD OUR TAX APP

Wise & Co. tax app

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

iOS Android