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.
|1400cc or less||11p (12p)||7p (8p)|
|1600cc or less||10p|
|1401cc to 2000cc||14p (15p)||8p (10p)|
|1601 to 2000cc||11p (12p)|
|Over 2000cc||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.