YOUR TIME IS PRECIOUS DON?T WASTE IT.

Remember time spent with an accountant is an investment. So, how do you want to spend yours?

Fuel rates changes for company cars

Advisory fuel rates for employees who use company cars have now changed.

The following rates apply as of 1 June 2017. 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 21p 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.

Fuel rates only apply when:

  • a company reimburses employees for business travel using their company car
  • the employee is required to repay the cost of fuel for private travel.

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