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)

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