New Advisory Fuel Rates
HM Revenue and Customs updated the advisory fuel rates for company cars with effect from 1 March 2019, however you are able to continue to use the old rates until 31 March 2019. As a result, if you have not yet amended your fuel rates, you must ensure that you are using the new rates from 1 April 2019. The new rates are as follows:
*The 4 pence electric rate refers to fully electric vehicles, a hybrid car can be treated as either petrol or diesel.
The content of this article is for general information only and does not constitute tax advice. It should not be relied upon and action which could affect your business should not be taken without appropriate professional advice.