Company car advisory fuel rates

These rates are the suggested reimbursement rates for employees’ private mileage in their company cars and are reviewed each quarter on 1 March, 1 June, 1 September and 1 December. The rates that apply from 1 September 2015 are shown below, with the previous quarter’s rates shown in brackets, if changed:

Engine Size

Petrol

Diesel

LPG

1400cc or less

11p (12p)

7p (9p)

1600cc or less

9p(10p)

1401cc to 2000cc

14p

9p

1601 to 2000cc

11p (12p)

Over 2000cc

21p

13p (14p)

14p

Remember also that if you reimburse your employees the tax free amount of 45p a mile (25p after 10,000 miles) for using their own car for business purposes then 20/120ths of the above amounts can be reclaimed as input VAT by your business. For example a petrol engine car over 2,000 cc = 21p x 1/6 = 3.5p VAT a mile.

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