News & Views from MyExpensesOnline

HMRC Changes to Advisory Fuel Rates – June 2017

HMRC have made changes to advisory fuel rates. These rates are reviewed quarterly, and only apply to employees using a company car if:

 

·         You reimburse employees for business travel

·         Or require employees to repay the cost of private travel

 

These rates apply from 1st June 2017.

 


Engine size

Petrol - amount per mile

LPG - amount per mile

1400cc or less

11p

7p

1401cc to 2000cc

14p

9p

Over 2000cc

21p

14p

 

Engine size

Diesel - amount per mile

 

 

1600cc or less

9p

 

 

1601cc to 2000cc

11p

 

 

Over 2000cc

13p

 

 

 

MyExpensesOnline provides a HMRC Rate Update Service, to help businesses implement changes like these. Please contact us to find out more.