Home News Business News Advisory Fuel Rates from 1 March 2018

Umbraco.Cms.Core.Models.MediaWithCrops`1[Umbraco.Cms.Web.Common.PublishedModels.Image]

Advisory Fuel Rates from 1 March 2018

HMRC has published the latest advisory fuel rates (AFR) for company car users.

These rates apply from 1 March 2018. You can use the previous rates for up to one month from the date the new rates apply. Previous rates can be found here.

The rates only apply to employees using a company car.

 

Engine sizePetrol – amount per mileLPG – amount per mile
1400cc or less11 pence7 pence
1401cc to 2000cc14 pence8 pence
Over 2000cc22 pence13 pence
Engine sizeDiesel – amount per mile
1600cc or less9 pence
1601cc to 2000cc11 pence
Over 2000cc13 pence

 

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

The rates only apply when you either:

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

You must not use these rates in any other circumstances.

The Advisory Fuel Rate company car business mileage rates are to be used by company car drivers and should not be confused with Approved Mileage Allowance Payments.

How can we help you?

Brearley & Co Accountants are pleased to offer a free, no obligation, initial consultation with one of our experts who will be happy to discuss your business needs and how we can help you.

Contact