HMRC have again increased the advisory fuel rates that apply for the reimbursement of employees’ private fuel for their company cars.
The new rates apply from 1 December 2021, but you can continue to use the previous rates for up to 1 month from the date the new rates apply. Where there has been a change the previous rate is shown in brackets:-
|1400cc or less||13p (12p)||9p (7p)|
|1600cc or less||11p (10p)|
|1401cc to 2000cc||15p (14p)||10p (8p)|
|1601 to 2000cc||13p (12p)|
|Over 2000cc||22p (20p)||16p (15p)||15p (12p)|
You can continue to use the previous rates for up to 1 month from the date the new rates apply. For wholly electric cars there is a 5p (was 4p) advisory rate. Note that for hybrid cars use the equivalent petrol or diesel rate.