July • #06

ADVISORY FUEL RATE FOR COMPANY CARS

Engine Size

Petrol

Diesel

LPG

1400cc or less

11p

7p

1600cc or less

10p (9p)

1401cc to 2000cc

14p

9p (8p)

1601 to 2000cc

11p

Over 2000cc

22p

13p

14p (13p)

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

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

 

Note that for hybrid cars use the equivalent petrol or diesel scale charge. However, it may be more beneficial to compute the actual cost.

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

01245 258 689

info@viewpointaccountants.co.uk