Advisory Fuel Rates for Company Cars
HMRC has published the latest advisory fuel rates for company car users effective from 1 September 2018, which also sees the introduction of the advisory electricity rate for electric cars at 4p per mile.
Hybrid cars are treated as either petrol or diesel cars for this purpose and electricity is not a fuel for car fuel benefits.
The new rates are:
| Amount per mile | ||||
| Engine size | Petrol | Diesel | LPG | Electric* |
| 1400cc or less | 12p | 7p | 4p | |
| 1600cc or less | 10p | 4p | ||
| 1401cc to 2000cc | 15p | 9p | 4p | |
| 1601cc to 2000cc | 12p | 4p | ||
| Over 2000cc | 22p | 13p | 13p | 4p |
*Fully electric cars only
The old rates can be used up to 30th September 2018.
The rates only apply:
- To reimburse employees for business travel in their company cars; or
- If employees are required to repay the cost of fuel used for private travel.
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