HMRC advisory fuel rates have remained constant for some time, again we see little movement from 1 September 2017.
Remember, advisory fuel rates only apply for:
- reimbursement of employees for business travel in the company car; or
- the requirement of an employee to repay the cost of fuel used for private travel.
HMRC accept there is no tax advantage when using these rates, nor is any National Insurance due.
The next change (if any) in the advisory fuel rates will be 1 December 2017.
For our advisory fuel rates – 1 June 2017 please click here.