Advisory fuel rates for company cars Category: Taxation - Posted On: Sep 17 2019 HMRC have published new company car advisory fuel rates, which take effect from 1 September 2019. The previous rates can also continue to be used for up to one month from the date the new rates apply. The rates only apply when you either: reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel. You must not use these rates in any other circumstances. The advisory fuel rates for journeys undertaken on or after 1 September 2019 are as follows: Engine SizePetrol 1400cc or less12p 1401cc - 2000cc14p Over 2000cc21p Engine SizeLPG 1400cc or less8p 1401cc - 2000cc10p Over 2000cc14p Engine SizeDiesel 1600cc or less10p 1601cc - 2000cc11p Over 2000cc14p The Advisory Electricity Rate for reimbursing employees for reimbursing employees for business travel in fully electric company cars is 4 pence per mile. Electricity is not a fuel for car fuel benefit purposes. If you have any queries regarding company cars, or mileage reimbursement, please email our EQ Taxperts or call one of our offices. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology
Advisory fuel rates for company cars Category: Taxation - Posted On: Sep 17 2019 HMRC have published new company car advisory fuel rates, which take effect from 1 September 2019. The previous rates can also continue to be used for up to one month from the date the new rates apply. The rates only apply when you either: reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel. You must not use these rates in any other circumstances. The advisory fuel rates for journeys undertaken on or after 1 September 2019 are as follows: Engine SizePetrol 1400cc or less12p 1401cc - 2000cc14p Over 2000cc21p Engine SizeLPG 1400cc or less8p 1401cc - 2000cc10p Over 2000cc14p Engine SizeDiesel 1600cc or less10p 1601cc - 2000cc11p Over 2000cc14p The Advisory Electricity Rate for reimbursing employees for reimbursing employees for business travel in fully electric company cars is 4 pence per mile. Electricity is not a fuel for car fuel benefit purposes. If you have any queries regarding company cars, or mileage reimbursement, please email our EQ Taxperts or call one of our offices. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology