HMRC have updated their Advisory Fuel Rates. The new rates from 1 December are:
|ENGINE SIZE||PETROL P/MILE||LPG P/MILE||DIESEL P/MILE||ELECTRIC P/MILE|
|Up to 1,400cc||12p||8p||-||-|
|1,400cc to 2,000cc||14p||9p||-||-|
|Up to 1,600cc||-||-||9p||-|
|1,600cc to 2,000cc||-||-||11p||-|
These rates only apply when you either:
- reimburse employees for business travel in their company cars
- require employees to repay the cost of fuel used for private travel
You should not use these rates in any other circumstances.
N.B. Electricity is not a fuel for car fuel benefit purposes.
Last updated: 27 November 2019