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.
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.