1st September 2016
Advisory fuel rates for company cars have changed as of 1 September 2016.
The new rates will only apply for the following:
- when a company reimburses employees for business travel in their company car
- when employees are required to repay the cost of fuel used for private travel.
The new rates apply from 1 September 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||13p||9p|
The following rates apply for diesel cars:
|Engine size||Diesel - amount per mile|
|1600cc or less||9p|
|1601cc to 2000cc||11p|
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.