New company car advisory fuel rates have been published which take effect from 1 September 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 September 2018 are:
Engine size
Petrol
1400cc or less
12p
1401cc – 2000cc
15p
Over 2000cc
22p
Engine size
LPG
1400cc or less
7p
1401cc – 2000cc
9p
Over 2000cc
13p
Engine size
Diesel
1600cc or less
10p
1601cc – 2000cc
12p
Over 2000cc
13p
The guidance states that the rates only apply when you either:
reimburse employees for business travel in their company cars
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.
Advisory fuel rates for company cars
Advisory fuel rates for company cars
New company car advisory fuel rates have been published which take effect from 1 September 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 September 2018 are:
The guidance states that the rates only apply when you either:
You must not use these rates in any other circumstances.
If you would like to discuss your car policy, please contact us.
For more information go to: GOV.UK AFR
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