The new company care ‘Advisory fuel rates’ have been published and will take effect from 1 June 2018. You can use the previous rates for up to one month from the date the new rates apply. The below rates only apply to employees using a company car.
Engine Size | Petrol – amount per mile | LPG – amount per mile |
1400cc or less | 11 pence | 7 pence |
1401cc to 2000cc | 14 pence | 9 pence |
Over 2000cc | 22 pence | 14 pence |
Engine Size | Diesel – amount per mile |
1600cc or less | 10 pence |
1601cc to 2000cc | 11 pence |
Over 2000cc | 13 pence |
These rates only apply when you:
- Reimburse employees for business travel in their company cars
- Require employees to repay the cost of fuel used for private travel
- https://www.gov.uk/government/publications/advisory-fuel-rates/advisory-fuel-rates-from-1-march-2016
- https://www.gov.uk/government/publications/advisory-fuel-rates/when-you-can-use-advisory-fuel-rates