New advisory fuel rates for employees using a company car have been released, taking effect on 1 June 2017. According to the guidance: ‘You can use the previous rates for up to one month from the date the new rates apply’.
The guidance stipulates that the new rates are only relevant when you:
- reimburse staff for business-related journeys taken in company cars
- ask employees to reimburse the company for fuel used in private journeys
The new rates do not apply under other circumstances.
For all journeys on or after 1 June 2017, the advisory fuel rates are as follows:
For more information or to talk through your company car policy, please get in touch.
Internet link: https://www.gov.uk/government/publications/advisory-fuel-rates