HMRC has just released the Advisory Fuel Rates which will become effective on 1 December 2019. These rates only apply to employees using a company car. The previous rates can be used for up to one month from the date when the new rates apply.
Advisory Fuel Rates from 1 December 2019
|Engine size||Petrol: amount per mile||LPG: amount per mile|
|1400cc or less||12 pence||8 pence|
|1401cc to 2000cc||14 pence||9 pence|
|Over 2000cc||21 pence||14 pence|
|Engine size||Diesel – amount per mile|
|1600cc or less||9 pence|
|1601cc to 2000cc||11 pence|
|Over 2000cc||14 pence|
Hybrid cars are treated as either petrol or diesel cars for this purpose.
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.