London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Company Cars - New advisory fuel rates from 1 December 2015

For anyone who is processing expense claims for business mileage from December this month, the advisory fuel rates went up on 1 December 2015.  The old rates could still be used up until 31 December 2015 but new rates should be used thereafter.  Details of the new rates can be located on the website www.gov.uk/government/publications/advisory-fuel-rates

As a reminder, these rates only apply when you either:

  • Reimburse employees for business travel in their company cars; or
  • Require employees to repay the cost of fuel used for private travel.

Employers can pay whatever rate of reimbursement they choose to but only sums paid up to the published advisory rates will not be subject to tax.

 

 

Date: 14th January, 2016
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Mercer & Hole’s @GudgionJa progress in @CelebJustDance - Not much longer to Waite now….. bit.ly/2gqZOZq @MKDonsSET

Mercer & Hole’s Michael Lapham impresses at the @MoneyMgmtMag Financial Planner Awards bit.ly/2yw3Ieetwitter.com/i/web/status/9…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn