Advisory fuel rates dip

The latest update to HM Revenue & Custom’s advisory fuel rates, effective from 1 March 2016, sees reductions to most rates.

Engine size  Petrol Diesel LPG
1,400cc or less 10p 8p 7p
1,401cc to 1,600cc 12p 8p  8p
1,601cc to 2,000cc 12p 10p 8p
Over 2,000cc 19p 11p 13p

 

These rates can be used where a director or employee is reimbursed for business mileage they drive in their company car, or where they are required to reimburse the cost of private travel.

After a period of lower fuel prices, recent increases are likely to be reflected in the advisory fuel rates when they are next reviewed from 1 June 2016.

Contact us today to discuss the pros and cons of company cars.

T: 020 7376 9333

E: info@lansdellrose.co.uk

 

 

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