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 [email protected]