Advisory fuel rates for company cars

Source: HM Revenue & Customs | | 31/05/2017

The latest advisory fuel rates became effective on 1 June 2017. Fuel rates are reviewed four times a year with changes taking effect on 1 March, 1 June, 1 September and 1 December. You can use the previous rates for up to 1 month from the date the new rates apply.

The rates are as follows:

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

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

Hybrid cars are treated as either petrol or diesel cars for this purpose.



 

Username:
Password:
 

Latest News

Are we seeing the end of tax-free benefits?
21/06/2017 - More...
There have been changes to the tax rules for certain Benefits in Kind which are provided as part of salary sacrifice schemes. These changes, which started coming into effect in

Gifts to a charity or your spouse
21/06/2017 - More...
There is usually no Capital Gains Tax (CGT) to be paid on the gift of assets between married couples and civil partners. However, there is still a disposal that has taken place for

How will your business be affected by Making Tax Digital?
21/06/2017 - More...
The introduction of Making Tax Digital (MTD) will fundamentally change the way companies, the self-employed and landlords interact with HMRC. The new regime will require businesses

Search


Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login