HMRC have published new advisory fuel rates for company car drivers which apply from 1 September 2022. 

Except for electric cars, all rates have increased due to the current increased cost of fuel. With the ongoing inflation crisis, these rates may well increase again when they next change, on 1 December 2022.

The new rates per mile are:

Engine size

Petrol

Diesel

LPG

Electric*

1,400cc or less

15p

 

9p

5p

1,600cc or less

 

14p

 

5p

1,401cc - 2,000cc

18p

 

11p

5p

1,601cc to 2,000cc

 

17p

 

5p

Over 2,000cc.

27p

22p

17p

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 August 2022, 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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