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Advisory fuel rates for company cars

7/3/2018

 
New company car advisory fuel rates have been published which take effect from 1 March 2018. 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 March 2018 are:
Engine Size
Petrol
Diesel
LPG
1400cc or less
11p
 
7p
1401cc - 2000cc
14p
 
8p
1600cc or less
 
9p
 
1601cc - 2000cc
 
11p
 
Over 2000cc
22p
13p
13p
HMRC guidance states that the rates only apply when you either:
  • reimburse employees for business travel in their company cars or
  • 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 us.
Internet link: GOV.UK AFR

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