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 March 2018. You can use the previous rates for up to one month from the date 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

22p

14p


Engine size

Diesel - amount per mile

 

 

1600cc or less

10p

 

 

1601cc to 2000cc

11p

 

 

Over 2000cc

13p

 

 

Hybrid cars are treated as either petrol or diesel cars for this purpose.

 

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