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Advisory fuel rates change

Advisory fuel rates for company cars have updated as of 1 December 2016.

The changes will apply when an employer reimburses employees for business travel in their company car and when employees are required to repay the cost of fuel used for private travel.

The new rates apply from 1 December 2016. The previous rates can be used for up to 1 month after the new rates apply.

Engine size Petrol - amount per mile LPG - amount per mile
1400cc or less 11p 7p
1401cc to 2000cc 14p 9p
Over 2000cc 21p 13p

The following rates apply for diesel cars:

Engine size Diesel - amount per mile
1600cc or less 9p
1601cc to 2000cc 11p
Over 2000cc 13p

Hybrid cars can be treated as either petrol or diesel cars.

Contact us today to discuss how these changes may affect you and your business.