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?
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