HMRC have published new advisory fuel rates for company car drivers which apply from 1 September 2022.
Except for electric cars, all rates have increased due to the current increased cost of fuel. With the ongoing inflation crisis, these rates may well increase again when they next change, on 1 December 2022.
The new rates per mile are:
|
Engine size |
Petrol |
Diesel |
LPG |
Electric* |
|
1,400cc or less |
15p |
9p |
5p |
|
|
1,600cc or less |
14p |
5p |
||
|
1,401cc - 2,000cc |
18p |
11p |
5p |
|
|
1,601cc to 2,000cc |
17p |
5p |
||
|
Over 2,000cc. |
27p |
22p |
17p |
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 31 August 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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