ADVISORY FUEL RATE FOR COMPANY CARS

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 September 2018.

Where there has been a change the previous rate is shown in brackets.

Engine Size	Petrol	Diesel	LPG
1400cc or less	12p (11p)		7p
1600cc or less		10p
1401cc to 2000cc	15p (14p)		9p
1601 to 2000cc		12p (11p)
Over 2000cc	22p	13p	13p (14p)

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

For hybrid cars use the equivalent petrol or diesel rate. However, for wholly electric cars there is a new 4p advisory rate from 1 September 2018.

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: [email protected]