From 1 March 2018, here are the advisory fuel rates to be used when claiming back mileage in a company car.
If you’d like to discuss your options regarding taking a company car or the cash equivalent, please contact [email protected]
Note that the old rates can be used up to 1 April 2018 when charging for mileage.
| Engine size | Petrol – amount per mile | LPG – amount per mile |
|---|---|---|
| 1400cc or less | 11 pence | 7 pence |
| 1401cc to 2000cc | 14 pence | 8 pence |
| Over 2000cc | 22 pence | 13 pence |
| Engine size | Diesel – amount per mile |
|---|---|
| 1600cc or less | 9 pence |
| 1601cc to 2000cc | 11 pence |
| Over 2000cc | 13 pence |
The HMRC website has more information on expenses and benefits for employees and employers regarding company car taxation. We advise on this area and on all aspects of personal taxation and you can read more about our services here.