Legal News

Company cars: advisory fuel rates from 1 June 2024

Published on: 24 May 2024
Published by LNB News

LNB News 24/05/2024

Document Information

Issue Date: 24 May 2024

Published Date: 24 May 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

HM Revenue and Customs (HMRC) has published revised advisory fuel rates for company cars which apply from 1 June 2024. The rates are to be used only where employers either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel. The guidance has also updated the advisory fuel rates for fully electric cars.

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