Advisory Fuel Rates from 1 March 2016
HM Revenue & Customs have published these new advisory fuel rates apply from 1 March 2016.
These rates should be used by employers when reimbursing their employees for business travel in their company cars, or where they require employees to repay the cost of fuel used for private travel.
You can use the previous rates for up to one month from the date the new rates apply, i.e. until 1 April 2016.
1400cc or Less
1401cc to 2000cc
1600cc or less
1601cc to 2000cc
Petrol – amount per mile
Diesel – amount per mile
LPG – amount per mile
HM Revenue & Customs will review the advisory fuel rates each quarter, so keep an eye on any updates that may arise.
If you would like to read more on the advisory tax rates update from 1 March 2016, please follow this useful link.