New company car advisory fuel rates have been published which took effect from 1 December 2019. The guidance states: 'You can use the previous rates for up to one month from the date the new rates apply'. The rates only apply to employees using a company car.
The advisory fuel rates for journeys undertaken on or after 1 December 2019 are:
| Engine size | Petrol |
|---|---|
| 1400cc or less | 12p |
| 1401cc - 2000cc | 14p |
| Over 2000cc | 21p |
| Engine size | LPG |
|---|---|
| 1400cc or less | 8p |
| 1401cc - 2000cc | 9p |
| Over 2000cc | 14p |
| Engine size | Diesel |
|---|---|
| 1600cc or less | 9p |
| 1601cc - 2000cc | 11p |
| Over 2000cc | 14p |
HMRC guidance states that the rates only apply when you either:
You must not use these rates in any other circumstances.
The Advisory Electricity Rate for fully electric cars is 4 pence per mile. Electricity is not a fuel for car fuel benefit purposes.
If you would like to discuss your car policy, please contact us.
Internet link: GOV.UK AFR
