The new fuel rates take effect from 1 June 2019, although the previous rates can be used for an additional month.
These rates only apply to employees who are using a company car in the following scenarios:
- When employees are reimbursed for business travel in their company cars; or,
- When employees are required to repay the cost of fuel used for private travel.
The rates are not applicable in any other circumstances.
The Advisory Electricity Rate for fully electric cars is four pence per mile, and electricity is not considered a fuel for car fuel benefit purposes.
| Engine size | Petrol |
|---|---|
| 1400cc or less | 12p |
| 1401cc – 2000cc | 15p |
| Over 2000cc | 22p |
| Engine size | LPG |
| 1400cc or less | 8p |
| 1401cc – 2000cc | 9p |
| Over 2000cc | 14p |
| Engine size | Diesel |
| 1600cc or less | 10p |
| 1601cc – 2000cc | 12p |
| Over 2000cc | 14p |
Contact us for more information.