Company Car Advisory Fuel Rates

HMRC have updated their Advisory Fuel Rates.  The new rates from 1 December 2018 are: 

ENGINE SIZEPETROL P/MILE LPG P/MILEDIESEL P/MILE
Up to 1,400cc12p8p -
1,400cc to 2,000cc15p10p -
Over 2,000cc22p15p14p
Up to 1,600cc--10p
1,600cc to 2,000cc--12p

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.

Advisory Electricity Rate

The Advisory Electricity Rate for fully electric cars is 4 pence per mile.

Electricity is not a fuel for car fuel benefit purposes.

 

 

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Last updated: 28 November 2018