HMRC have published new advisory fuel rates for company car drivers which apply from 1 December 2021. 

All rates have increased including those for electric cars which have reached 5p per mile for the first time since their introduction in 2018.

The new rates per mile are:

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

13p

 

9p

5p

1,600cc or less

 

11p

 

5p

1,401cc - 2,000cc

15p

 

10p

5p

1,601cc to 2,000cc

 

13p

 

5p

Over 2,000cc.

22p

16p

15p

5p

* Fully electric cars only

Hybrid cars are treated as either petrol or diesel cars for these purposes.

The old rates may be used until 31 December 2021, see Advisory fuel rates (company car drivers)

Useful guides on this topic

Company cars 
Company car tax: How do you work out car benefit? How do you work out car fuel benefit? Are there savings for low emissions vehicles? 


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