Advisory fuel rates for company cars
Published by Griffin Chapman on Thu, 06/12/2018 - 3:30pmNew company car advisory fuel rates have been published which took effect from 1 December 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 December 2018 are:
Engine size |
Petrol |
1400cc or less |
12p |
1401cc - 2000cc |
15p |
Over 2000cc |
22p |
Engine size |
LPG |
1400cc or less |
8p |
1401cc - 2000cc |
10p |
Over 2000cc |
15p |
Engine size |
Diesel |
1600cc or less |
10p |
1601cc - 2000cc |
12p |
Over 2000cc |
14p |
HMRC 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.
What Next?
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Published Date:
Tuesday, 4 December 2018