The latest update to HMRC's advisory fuel rates shows several 1p reductions. Rates per mile for this quarter are:
The rates apply from 1 September 2017. The next review is 1 December, although current rates can be used until 31 December. The rates can be used if you reimburse an employee who has privately bought fuel for business mileage in a company car, or where an employee is required to repay the cost of private travel.
This newsletter is for general information only and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking any action on the basis of the contents of this publication. The newsletter represents our understanding of law and HM Revenue & Customs practice as at 12 October 2017.
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