‘Advisory fuel rates 1 March 2017’

Advisory fuel rates from 1 March 2017

Monday, February 27th, 2017

There are new rates applicable from 1 March 2017 when claiming back business mileage using a company car.

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

From 1 March 2017, the rates are aw 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                      22 pence                                                 14 pence

 

For diesel cars, the rates are:

Engine size                     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 purpose of claiming back business mileage.

If you would like to discuss this, or any business expense-related matter, please contact Helen Sewell on 01527 558539 or [email protected]