HMRC have published new advisory fuel rates for company car drivers which will apply from 1 March 2024.

This is a freeview 'At a glance' guide to advisory fuel rates for company car drivers. 

At a glance

The rates from 1 March 2024 are:

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

13p

 

11p

9p

1,600cc or less

 

12p

 

9p

1,401cc - 2,000cc

15p

 

13p

9p

1,601cc to 2,000cc

 

14p

 

9p

Over 2,000cc.

24p

19p

21p

9p

You can continue to use the old rates up to 31 March 2024, see below. 

*Fully electric cars only

Advisory fuel rates are set by HMRC

On 1 December 2017, as part of the Taxation of employee expenses: Response to the call for evidence, the government announced it had considered the position and had no plans to change the current system; in particular it would not introduce specific rates for hybrid and electric cars. However, in August 2018 HMRC announced that from 1 September 2018:

Rates from 1 December 2023

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

14p

 

10p

9p

1,600cc or less

 

13p

 

9p

1,401cc - 2,000cc

16p

 

12p

9p

1,601cc to 2,000cc

 

15p

 

9p

Over 2,000cc.

26p

20p

18p

9p

 *Fully electric cars only

Rates from 1 September 2023

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

13p

 

10p

10p

1,600cc or less

 

12p

 

10p

1,401cc - 2,000cc

16p

 

12p

10p

1,601cc to 2,000cc

 

14p

 

10p

Over 2,000cc.

25p

19p

19p

10p

 *Fully electric cars only

Rates from 1 June 2023 

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

13p

 

10p

9p

1,600cc or less

 

12p

 

9p

1,401cc - 2,000cc

15p

 

12p

9p

1,601cc to 2,000cc

 

14p

 

9p

Over 2,000cc.

23p

18p

18p

9p

 *Fully electric cars only 

Rates from 1 March 2023

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

13p

 

10p

9p

1,600cc or less

 

13p

 

9p

1,401cc - 2,000cc

15p

 

11p

9p

1,601cc to 2,000cc

 

15p

 

9p

Over 2,000cc.

23p

20p

17p

9p

*Fully electric cars only   

Rates from 1 December 2022

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

14p

 

10p

8p

1,600cc or less

 

14p

 

8p

1,401cc - 2,000cc

17p

 

12p

8p

1,601cc to 2,000cc

 

17p

 

8p

Over 2,000cc.

26p

22p

18p

8p

*Fully electric cars only

Rates from 1 September 2022

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

15p

 

9p

5p

1,600cc or less

 

14p

 

5p

1,401cc - 2,000cc

18p

 

11p

5p

1,601cc to 2,000cc

 

17p

 

5p

Over 2,000cc.

27p

22p

17p

5p

*Fully electric cars only

Rates from 1 June 2022

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

14p

 

9p

5p

1,600cc or less

 

13p

 

5p

1,401cc - 2,000cc

17p

 

11p

5p

1,601cc to 2,000cc

 

16p

 

5p

Over 2,000cc.

25p

19p

16p

5p

*Fully electric cars only

Rates from 1 March 2022

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

13p

 

8p

5p

1,600cc or less

 

11p

 

5p

1,401cc - 2,000cc

15p

 

10p

5p

1,601cc to 2,000cc

 

13p

 

5p

Over 2,000cc.

22p

16p

15p

5p

*Fully electric cars only

Rates from 1 December 2021

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

13p

 

9p

5p

1,600cc or less

 

11p

 

5p

1,401cc - 2,000cc

15p

 

10p

5p

1,601cc to 2,000cc

 

13p

 

5p

Over 2,000cc.

22p

16p

15p

5p

*Fully electric cars only

Rates from 1 September 2021

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

12p

 

7p

4p

1,600cc or less

 

10p

 

4p

1,401cc - 2,000cc

14p

 

8p

4p

1,601cc to 2,000cc

 

12p

 

4p

Over 2,000cc.

20p

15p

12p

4p

*Fully electric cars only

Earlier rates


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