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.

*Fully electric cars only

The old rates can be used up to 30^th 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.