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Company cars: advisory fuel rates

printer Mail

HMRC has published revised advisory fuel rates for company cars, applying from 1 September 2018. The rates are to be used only where employers either reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel.

HMRC has published revised advisory fuel rates for company cars, applying from 1 September 2018. The rates are to be used only where employers either reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel.

HMRC has also begun publishing an advisory electricity rate, although electricity is not treated as a fuel for car fuel benefit purposes.

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