New company car advisory fuel rates have been published which took effect from 1 March 2015. Due to the reduction in fuel prices many rates have reduced this quarter between two and three pence so please take care to update your expenses payments. However, the guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car.
The advisory fuel rates for journeys undertaken on or after 1 March 2015 are available here.
Other points to be aware of about the advisory fuel rates:
If you would like to discuss your car policy, please contact us.
Internet link: GOV.UK
Posted – 02/04/2015