HMRC have published new advisory fuel rates for company car drivers which will apply from 1 March 2020.
Rates for fully electric cars have remained at the same level since their introduction in September 2018.
The new rates are:
|
Engine size |
Petrol |
Diesel |
LPG |
Electric* |
|
1,400cc or less |
12p |
8p |
4p |
|
|
1,600cc or less |
9p |
4p |
||
|
1,401cc - 2,000cc |
14p |
10p |
4p |
|
|
1,601cc to 2,000.cc |
11p |
4p |
||
|
Over 2,000cc. |
20p |
13p |
14p |
4p |
* Fully electric cars only
Hybrid cars are treated as either petrol or diesel cars for these purposes.
The old rates may be used until 29 February 2020, see Advisory fuel rates (company car drivers)
Related guides:
Company cars (subscribers only)
