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Advisory Fuel Rates for Company Cars

27th March 2019 | Written by In Accountancy | Categories : Business, Client Focus, HMRC, HMRC, Miscellaneous, News
Advisory Fuel Rates for Company Cars

New company car advisory fuel rates have been published which take effect from 1 March 2019.

The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car.

The advisory fuel rates for journeys undertaken on or after 1 March 2019 are:

 

Engine size

 

Petrol

 

1400cc or less

 

11p

 

1401cc – 2000cc

 

14p

 

Over 2000cc

 

21p

 

Engine size

 

LPG

 

1400cc or less

 

7p

 

1401cc – 2000cc

 

8p

 

Over 2000cc

 

13p

 

Engine size

 

Diesel

 

1600cc or less

 

10p

 

1601cc – 2000cc

 

11p

 

Over 2000cc

 

13p

 

 

HMRC guidance states that the rates only apply when you either:

  • reimburse employees for business travel in their company cars or
  • require employees to repay the cost of fuel used for private travel.

You must not use these rates in any other circumstances.

If you would like to discuss your car policy, please contact us.

Internet link: GOV.UK AFR