3 October 2019

Advisory fuel rate for company cars from 1st September 2019

Here are our suggested reimbursement rates for employees' private mileage using their company car from 1st September 2019. Where there has been a change in the previous rate is shown in brackets below.

Engine Size	Petrol	Diesel	LPG
1400cc or less	12p		8p
1600cc or less		10p
1401cc to 2000cc	14p (15p)		10p (9p)
1601 to 2000cc		11p (12p)
Over 2000cc	21p (22p)	14p	14p

 

You can continue to use the previous rates for up to 1 month from the date the new rates apply.  For hybrid cars use the equivalent petrol or diesel rate. However, for wholly electric cars there is a new 4p advisory rate from 1 September 2019.

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If you or your business need tax advice or bookkeeping and payroll support, contact us today on 0115 964 8888 for a free consultation with one of our Directors or email us at enquiries@rwbca.co.uk.

The views provided in this article are for general information purposes only. Nothing in this article represents advice of any nature whatsoever. Accordingly, RWB CA Limited does not accept any liability or responsibility for the information contained in this article or any decision or other action that may be taken in reliance upon the information contained within it. RWB CA Limited accepts no responsibility for any errors of fact or opinion and assumes no obligation to provide you with any changes to its assumptions.