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: [email protected]