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HMRC have published new advisory fuel rates for company car drivers which apply from 1 June 2022. 

As might be expected all rates have increased, with the exception of the rate for electric cars which remains at 5p per mile for now.

The new rates per mile are:

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

14p

 

9p

5p

1,600cc or less

 

13p

 

5p

1,401cc - 2,000cc

17p

 

11p

5p

1,601cc to 2,000cc

 

16p

 

5p

Over 2,000cc.

25p

19p

16p

5p

* 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 June 2022, 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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