New Forest

10/01/2018

Advisory Fuel Rate for Company Cars

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 December 2017. Where there has been a change the previous rate is shown in brackets.

Engine SizePetrolDieselLPG
1400cc or less 11p 7p
1600cc or less 9p
1401cc to 2000cc 14p (13p) 9p (8p)
1601cc to 2000cc 11p
Over 2000cc 21p 13p (12p)14p (13p)

Note that for hybrid cars you must use the petrol or diesel rate. You can continue to use the previous rates for up to 1 month from the date the new rates apply.

For further information on Advisory Fuel Rates, please contact Alan Rolfe on 023 8046 1200.

Latest Tweets

The 130% super-deduction for equipment runs for one more year for companies that invest in new plant and machinery when the expenditure is incurred between 1 April 2021 and 31 March 2023.

Click the link to read more 👉 https://bit.ly/3lnq7B8

If you need help with submitting forms P11D and P11D(b) online, HMRC have a free webinar about how to send the forms using HMRC's PAYE online service.

Click the link to register and watch the recorded webinar 👉 https://bit.ly/3yH1fw4

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.