News & Views from MyExpensesOnline

HMRC Changes to Advisory Fuel Rates – September 2017

Every 3 months, HMRC review the advisory fuel rates. They 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 September 2017.

Engine size

Petrol - amount per mile

LPG - amount per mile

1400cc or less

11p

7p

1401cc to 2000cc

13p

8p

Over 2000cc

21p

13p

 

Engine size

Diesel - amount per mile

 

 

1600cc or less

9p

 

 

1601cc to 2000cc

11p

 

 

Over 2000cc

12p

 

 

 

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