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New advisory fuel rates from September

05 September 2017
Issue: 4614 / Categories: News

Company car rates change from 1 September.

HMRC has announced new fuel rates for company cars. These are based on fuel prices and adjusted miles per gallon figures. They apply to all journeys on or after 1 September 2017. For one month from the date of change, employers may use either the previous or new rates. They may make or require supplementary payments, but are under no obligation to do either.

Hybrid cars are treated as either petrol or diesel cars for this purpose. The amounts can be used for VAT, but employers will need to retain receipts.

Engine size

Petrol

LPG

1,400cc or less

11p

7p

1,401cc to 2,000cc

13p

8p

Over 2,000cc

21p

13p

Engine size

Diesel

1,600cc or less

9p

1,601cc to 2,000cc

11p

Over 2,000cc

12p

 

Issue: 4614 / Categories: News
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