HMRC have published new advisory fuel rates for company car drivers that apply from 1 September 2024.
LPG rates have remained static this quarter whilst all other rates have fallen.
The new rates per mile are:
|
Engine size |
Petrol |
Diesel |
LPG |
Electric* |
|
1,400cc or less |
13p |
11p |
7p |
|
|
1,600cc or less |
12p |
7p |
||
|
1,401cc - 2,000cc |
15p |
13p |
7p |
|
|
1,601cc to 2,000cc |
14p |
7p |
||
|
Over 2,000cc. |
24p |
18p |
21p |
7p |
* Fully electric cars only
Hybrid cars are treated as either petrol or diesel cars for these purposes.
The old rates may be used until 30 September 2024, see Advisory fuel rates (company car drivers).
Useful guides on this topic
Company cars
Company car tax. How do you work out car benefits? How do you work out the car fuel benefit? Are there savings for low-emissions vehicles? How do you reduce the car benefit? Cars and the tax tribunals and Top Tax Tips.
Car fuel benefit charges
What is the car fuel benefit charge? How do you apply it?
Pool cars
What is a pool car? How is it taxed? When does it become a benefit? What are the rules? Is it still worth having them?
External link
