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New Advisory Fuel Rates

Ten Facts You Might Not Know About Stamp Duty

HMRC have recently advised the new rates to be used by employees making mileage claims where they are provided with a company car, but not fuel.

(These are also the amounts deemed to be the fuel element of mileage claimed, if your business is reclaiming VAT on mileage expenses).

The tables below detail the various rates:

Petrol Cars

Per Mile

Engine Size

From 1st March 17

To 28th February 17

1400cc or Less

11p

11p

1401 to 2000 cc

14p

14p

Over 2000cc

21p

21p

 

Diesel

Per Mile

Engine Size

From 1st March 17

To 28th February 17

1600cc or Less

9p

9p

1601 to 2000 cc

11p

11p

Over 2000cc

13p

13p