1st March 2017

Advisory fuel rates for employees who use a company car have changed as of 1 March 2017.

The following rates will now apply. 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 22p 14p

 

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.

Rates will relate to 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.

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