HMRC have published new advisory fuel rates for company car drivers which apply from 1 September 2020. Most remain unchanged from the rates applicable for the previous three months.

Rates for fully electric cars have remained at 4p per mile since their introduction in September 2018.

The new rates are:

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

10p

 

7p

4p

1,600cc or less

 

8p

 

4p

1,401cc - 2,000cc

12p

 

8p

4p

1,601cc to 2,000.cc

 

10p

 

4p

Over 2,000cc.

17p

12p

12p

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 30 September 2020, see Advisory fuel rates (company car drivers)

Links

Company cars 
Company car tax: How do you work out car benefit? How do you work out car fuel benefit? Are there savings for low emissions vehicles? 

 

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