01618865000 enquiry@toppingpartnership.co.uk

Fuel rates changes for company cars

1st June 2017

Advisory fuel rates for employees who use company cars have now changed.

The following rates apply as of 1 June 2017. Previous rates can be used for up to 1 month after the new rates apply:

Engine size Petrol - amount per mile LPG - amount per mile
1400cc or less 11p 7p
1401cc to 2000cc 14p 9p
Over 2000cc 21p 14p

The following rates apply for diesel cars:

Engine size Diesel - amount per mile
1600cc or less 9p
1601cc to 2000cc 11p
Over 2000cc 13p

Hybrid cars can be treated as either petrol or diesel cars.

Fuel rates only apply when:

  • a company reimburses employees for business travel using their company car
  • the employee is required to repay the cost of fuel for private travel.

Contact us today to discuss how these changes may affect your business.

    icaew chartered accountants  acca