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January • Advisory fuel rate for company cars - Viewpoint Accountants


January • #06

ADVISORY FUEL RATE FOR COMPANY CARS

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 December 2018. Where there has been a change the previous rate is shown in brackets.

Engine size

Petrol

Diesel

LPG

1400c or less

12p

 

8p (7p)

1500cc or less

 

10p

 

1401cc to 2000cc

15p

 

10p (9p)

1501cc to 2000cc

 

12p

 

Over 2000cc

22p

14p (13p)

15p (13p)

Note that for hybrid cars you must use the petrol or diesel rate.

You can continue to use the previous rates for up to 1 month from the date the new rates apply.

FURTHER INFORMATION OR ADVICE:

If you would like further information or advice about any of the issues raised in this newsletter or any other tax-related matter then Steve Bird would be delighted to hear from you: steve.bird@viewpointaccountants.co.uk

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01245 258 689

info@viewpointaccountants.co.uk