HMRC have published new advisory fuel rates for company car drivers which apply from 1 March 2021. 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 per mile are:
Engine size |
Petrol |
Diesel |
LPG |
Electric* |
1,400cc or less |
10p |
7p |
4p |
|
1,600cc or less |
9p |
4p |
||
1,401cc - 2,000cc |
12p |
8p |
4p |
|
1,601cc to 2,000cc |
11p |
4p |
||
Over 2,000cc. |
18p |
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 31 March 2021, see Advisory fuel rates (company car drivers)
Useful guides on this topic
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