New company car advisory fuel rates – take effect 1 June 2018

HM Revenue & Customs (HMRC) has issued the new Advisory Fuel Rates for company vehicles per mile as follows:

ENGINE SIZE Petrol
1400cc or less 11p
1401cc – 2000cc 14p
over 2000cc 22p
ENGINE SIZE LPG
1400cc or less 7p
1401 cc – 2000cc 9p
Over 2000cc 14p
ENGINE SIZE Diesel
1600cc or less 10p
1601cc – 2000cc 11p
Over 2000cc 13p

These Advisory Fuel Rates take effect from 1 June 2018. You can use the previous rates for up to 1 month from the date the new rates apply. Please note that not all of the rates have been amended so care must be taken to apply the correct rate. (Hybrid cars are treated as either petrol or diesel cars for this purpose.)

If you have any queries regarding this matter please contact Liz or Lisa on 01246 274121.