Company Cars – Latest Advisory Fuel Rates
HMRC has published the latest advisory fuel rates that apply from 1st March 2018. These are the rates employers can use to reimburse employees who pay to put petrol in their company cars when using them for business.
Advisory fuel rates are intended to reflect actual average fuel costs. They can be used by employers who:
- reimburse employees for business travel in their company cars, or
- require employees to repay the cost of fuel used for private travel.
Using the rates means there is no charge to either income tax or NIC on the amounts paid to employees.
NB: Hybrid cars are treated as either petrol or diesel.
Click the link below for more information on advisory fuel rates: