HMRC has released its most recent round of fuel advisory rates which come into effect from the 1st of December. These are reviewed and updated every three months.
These rates only apply to employees using a company car.
You can the rates when you either:
- reimburse employees for business travel in their company cars
- need employees to repay the cost of fuel used for private travel
You must not use these rates in any other circumstances.
The new rates are shown below, and more detail can be found here:
