HMRC have published new advisory fuel rates for company car drivers which apply from 1 September 2021. Petrol and diesel rates have increased 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

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

Hybrid cars are treated as either petrol or diesel cars for these purposes.

The old rates may be used until 30 September 2021, see Advisory fuel rates (company car drivers)

Useful guides on this topic

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? 


Oak ad
Are you enjoying our content? 

Thousands of accountants and advisers and their clients use www.rossmartin.co.uk as their primary TAX resource.

Register with us now to receive our unique FREE Tax Planning Tips and Advice Guide & our FREE OMB Newsletter.

 

 

Comments (0)

Rated 0 out of 5 based on 0 voters
There are no comments posted here yet

Leave your comments

  1. Posting comment as a guest.
Rate this post:
Attachments (0 / 3)
Share Your Location

 

Enjoying the Practical Tax content on www.rossmartin.co.uk? 

Sign up now to receive a unique FREE Tax Planning Tips and Advice Guide & our FREE Newsletter.

.Squirrel ad