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New advisory fuel rates from March

06 March 2018
Issue: 4638 / Categories: News

HMRC announces new fuel rates for journeys on or after 1 March.

HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 March 2018 until further notice.

For one month from the date of change employers may use either the previous or new rates. They may therefore make or require supplementary payments but are under no obligation to do either.

Hybrid cars are treated as either petrol or diesel vehicles for this purpose. The amounts can be used for VAT but employers will need to retain receipts.

Engine size                                    Petrol  LPG
1 400cc or less                              

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