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.
Petrol - amount per mile
LPG - amount per mile
1400cc or less
1401cc to 2000cc
Diesel - amount per mile
1600cc or less
1601cc to 2000cc
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.