ADVISORY FUEL RATE FOR COMPANY CARS
In line with recent reductions in fuel prices, HMRC have reduced their suggested reimbursement rates for employees' private mileage using their company car from 1 March 2019. Where there has been a change the previous rate is shown in brackets.
|1400 cc or less||11p(12p)||7p (8p)|
|1600 cc or less||10p|
|1401 cc to 2000 cc||14p||8p|
|1601 to 2000 cc||11p|
|Over 2000 cc||21p(22p)||13p (14p)||13p (15p)|
Note that for hybrid cars you must use the petrol or diesel rate. You can continue to use the previous rates for up to 1 month from the date the new rates apply. The Advisory Electricity Rate for fully electric cars is 4 pence per mile.