Advisory rates that apply fuel cost for company cars changed as of 1 June 2016.
The new rates will only apply for the following:
- a company reimbursing employees for business travel in their company cars
- employees are required to replay the cost of fuel used for private travel.
The new rates apply from June 1 2016. The 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 | 10p | 7p |
| 1401cc to 2000cc | 13p | 9p |
| Over 2000cc | 20p | 13p |
The following new rates will apply for diesel cars:
| Engine size | Diesel -amount per mile |
| 1600cc or less | 9p |
| 1601cc or 2000cc | 10p |
| Over 2000cc | 12p |
Talk to us today to disucss benefits in kind.
