Company car? Here are the latest advisory fuel rates…

George Hay Chartered Accountants

With the price of fuel rising, employees and businesses will welcome new changes to the fuel advisory rates. From 1 September 2018, for some vehicles, the rates have slightly increased on the previous quarter.

Advisory fuel rates from 1 September 2018 apply as follows:

Engine size Petrol – amount per mile LPG – amount per mile
1400cc or less 12p (11p) 7p (7p)
1401cc to 2000cc 15p (14p) 9p (9p)
Over 2000cc 22p (22p) 13p (14p)
Engine size Diesel – amount per mile
1600cc or less 10p (10p)
1601cc to 2000cc 12p (11p)
Over 2000cc 13p (13p)

Previous rates in brackets. These can be used for up to one month from the date the new rates apply (Hybrid cards are treated as either petrol or diesel cars for this purpose).

Advisory fuel rates apply when:

  • reimbursing employees for business travel in their company cars; or
  • requiring employees to repay the cost of fuel used for private travel.

HMRC reviews rates quarterly on 1 March, 1 June, 1 September and 1 December.

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