‘Advisory Fuel Rates’

Advisory fuel rates from 1 Dec 2017

Thursday, January 18th, 2018

Advisory fuel rates from 1 December 2017

There are new rates applicable from 1 December when claiming back business mileage using a company car.

The previous rates can be used up until 31 December 2017.

From 1 December 2017, the rates are as follows:

Engine size                          Petrol – amount per mile             LPG – amount per mile

1400cc or less                     11 pence                                              7 pence

1401cc to 2000cc               14 pence                                              9 pence

Over 2000cc                        21 pence                                              14 pence

 

For Diesel cars, the rates are:

Engine size                          Diesel – amount per mile            

1600cc or less                     9 pence

1601cc to 2000cc               11 pence

Over 2000cc                        13 pence

 

For drivers of hybrid cars, these can be treated as either petrol or diesel for the purposes of claiming back mileage.

If you would like to discuss this or any other business-expense related matter, please contact Helen Sewell on 01527 558539 or Helen.Sewell@curoca.co.uk.

Advisory fuel rates from 1 December 2017

Advisory fuel rates – Dec 2016

Monday, December 5th, 2016

Advisory fuel rates from 1 December 2016

There are new rates applicable from 1 December when claiming back business mileage using a company car.

The previous rates can be used up until 31 December 2016.

From 1 December 2016, the rates are as follows:

 

Engine size                          Petrol – amount per mile             LPG – amount per mile

1400cc or less                     11 pence                                              7 pence

1401cc to 2000cc               14 pence                                              9 pence

Over 2000cc                        21 pence                                              13 pence

 

For Diesel cars, the rates are:

 

Engine size                          Diesel – amount per mile            

1600cc or less                     9 pence

1601cc to 2000cc               11 pence

Over 2000cc                        13 pence

 

For drivers of hybrid cars, these can be treated as either petrol or diesel for the purposes of claiming back mileage.

If you would like to discuss this or any other business-expense related matter, please contact Helen Sewell on 01527 558539 or Helen.Sewell@curoca.co.uk.

fuel-pumps

Advisory fuel rates – Sep 2016

Thursday, September 29th, 2016

For employees claiming back mileage when using a company car, the advisory fuel rates from 1 September 2016 are below. Note employees can use the previous rates up to 30 September 2016.

Hybrid cars can be treated as either diesel or petrol for the purposes of claiming back mileage.

Engine size                     Petrol – amount per mile                LPG – amount per mile

1400cc or less                11 pence                                              7 pence

1401cc to 2000cc          13 pence                                              9 pence

Over 2000cc                  20 pence                                             13 pence

 

Engine size                     Diesel – amount per mile

1600cc or less                9 pence

1601cc to 2000cc          11 pence

Over 2000cc                  13 pence

fuel-pumps

Advisory fuel rates from 1 March 2016

Thursday, March 10th, 2016

If you’re an employee using a company car on a business trip, you’ll need to claim back mileage at the correct rates.

Here are the rates to use from 1 March 2016. The previous fuel rates can be used up to 31 March 2016. If your car is a hybrid, you can treat it as either petrol or diesel for the purposes of claiming back mileage.

 

Engine size Petrol – amount per mile LPG – amount per mile
1400cc or less 10 pence 7 pence
1401cc to 2000cc 12 pence 8 pence
Over 2000cc 19 pence 13 pence
Engine size Diesel – amount per mile
1600cc or less 8 pence
1601cc to 2000cc 10 pence
Over 2000cc 11 pence

Advisory fuel rates from 1 December 2015

Monday, December 7th, 2015

If you’re an employee using a company car on a business trip, you’ll need to claim back mileage at the correct rates.

Here are the rates to use from 1 December 2015. The previous fuel rates can be used up to 31 December 2015. If your car is a hybrid, you can treat it as either petrol or diesel for the purposes of claiming back mileage.

 

Engine size Petrol – amount per mile LPG – amount per mile
1400cc or less 11 pence 7 pence
1401cc to 2000cc 13 pence 9 pence
Over 2000cc 20 pence 13 pence
Engine size Diesel – amount per mile
1600cc or less 9 pence
1601cc to 2000cc 11 pence
Over 2000cc 13 pence

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Advisory fuel rates from 1 September 2015

Thursday, September 24th, 2015

As of 1 September 2015, the advisory fuel rates when claiming business mileage are found below. They apply to employees using a company car.

For advice on fuel rates or any other employee/employer taxation issues, please contact helen.sewell@curoca.co.uk or call Helen on 01527 558539.

Engine size Petrol – amount per mile LPG – amount per mile
1400cc or less 11 pence 7 pence
1401cc to 2000cc 14 pence 9 pence
Over 2000cc 21 pence 14 pence
Engine size Diesel – amount per mile
1600cc or less 9 pence
1601cc to 2000cc 11 pence
Over 2000cc 13 pence

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Advisory fuel rates – from 1 June 2015

Monday, June 8th, 2015

The advisory fuel rates for employees using a company car on business journeys are as follows:

Engine size                           Petrol – amount per mile                             LPG – amount per mile

1400cc or less                      12p                                                                     8p

1401cc to 2000cc                14p                                                                     9p

Over 2000cc                         21p                                                                    14p

 

Engine size                           Diesel – amount per mile

1600cc or less                      10p

1601cc to 2000cc                12p

Over 2000cc                         14p

The previous rates can be used up to the end of June 2015.

Please email Helen.Sewell@curoca.co.uk to understand how to apply these rates and for any other BIK/PAYE related queries..

Advisory fuel rates from 1 March 2015

Monday, March 2nd, 2015

From 1 March 2015, the advisory fuel rates for employees using a company car are as follows:

 

Engine size                         Petrol                   LPG

1400cc or less                     11p                         8p

1401cc to 2000cc               13p                         10p

Over 2000cc                        20p                         14p

 

Engine size                         Diesel

1600cc or less                     9p

1601cc to 2000cc               11p

Over 2000cc                        14p

 

Hybrid cars are treated as either diesel or petrol for the purpose of these calculations.

The previous advisory fuel rates can be used up to the end of March 2015.

 

If you’d like advice regarding application of these rates, or any other employee/employer taxation issues, please contact helen.sewell@curoca.co.uk or call Helen on 01527 558539..

Advisory fuel rates from 1 Dec 2014

Monday, December 1st, 2014

Current rates apply from 1 December 2014. You can use the previous rates for up to 1 month from the date the new rates apply.

Engine size                     Petrol                                       LPG                   

1400cc or less                   13p                                         9p

1401cc to 2000cc             16p                                         11p

Over 2000cc                      23p                                        16p

 

Engine size                    Diesel

1600cc or less                  11p

1601cc to 2000cc            13p

Over 2000cc                     16p

Hybrid cars are treated as either petrol or diesel cars for this purpose. Please contact helen.sewell@curoca.co.uk for all benefits and expenses queries, or call Helen on 01527 558539..

Advisory fuel rates from 1 September 2014

Thursday, September 4th, 2014

Below are the advisory fuel rates for business travel in company cars. The advisory fuel rates apply from 1 September 2014 until further notice. It is also permissable to use the previous advisory fuel rates from 1 Sep to 1 Oct 2014 if so desired. The hybrid rates are shown further down and hybrid cars are treated as either petrol or diesel cars for this purpose. If you have any queries on applying advisory fuel rates or related issues, please contact helen.sewell@curoca.co.uk.

Engine size Petrol LPG
1400cc or less 14p 9p
1401cc to 2000cc 16p 11p
Over 2000cc 24p 16p
Engine size Diesel
1600cc or less 11p
1601cc to 2000cc 13p
Over 2000cc 17p

Hybrid  cars:

    Petrol    
Engine size (cc) Mean         MPG Applied         MPG Fuel price         (per litre) Fuel price         (per gallon) Pence         per mile AFR
up to 1400 51.06 43.4 129.3 587.8 13.5 14
1401 – 2000 42.24 35.9 129.3 587.8 16.4 16
over 2000 28.63 24.3 129.3 587.8 24.2 24
    Diesel    
Engine size         (cc) Mean         MPG Applied         MPG Fuel price         (per litre) Fuel price         (per gallon) Pence         per mile AFR
Up to 1600 62.36 53.0 133.7 608.0 11.5 11
1601 to 2000 53.25 45.3 133.7 608.0 13.4 13
Over 2000 43.30 36.8 133.7 608.0 16.5 17
    LPG    
Engine size         (cc) Mean         MPG Applied         MPG Fuel price         (per litre) Fuel price         (per gallon) Pence         per mile AFR
up to 1400 40.8 34.7 70.3 319.6 9.2 9
1401 – 2000 33.8 28.7 70.3 319.6 11.1 11
over 2000 22.9 19.5 70.3 319.6 16.4 16

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