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Advisory fuel rates for company cars

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JUN 2017

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New company car advisory fuel rates have been published which took effect from 1 June 2017. 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 June 2017 are:

Engine size Petrol

1400cc or less 11p

1401cc – 2000cc 14p

Over 2000cc 21p

 

Engine size LPG

1400cc or less 7p

1401cc – 2000cc 9p

Over 2000cc 14p

 

Engine size Diesel

1600cc or less 9p

1601cc – 2000cc 11p

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.

Registered office: 61 Friar Gate, Derby, Derbyshire, DE1 1DJ

Adrian Mooy & Co is the trading name of Adrian Mooy & Co Ltd.  Registered in England No. 05770414

Registered to carry out audit work by the Association of Chartered Certified Accountants - auditregister.org.uk 8011438

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