HMRC have released their latest Advisory Fuel Rates to be used from 1st March 2022.
These rates should be used when you:-
- Reimburse employees for business travel in their company cars
- Need employees to repay the cost of fuel used for private travel
The advisory electricity rate for fully electric cars is 5 pence per mile.
Hybrid cars are treated as either petrol or diesel cars for advisory fuel rates.
From 1 March 2022
You can use the previous rates for up to 1 month from the date the new rates apply.
|Engine size||Petrol — rate per mile||LPG — rate per mile|
|1400cc or less||13 pence||8 pence|
|1401cc to 2000cc||15 pence||10 pence|
|Over 2000cc||22 pence||15 pence|
|Engine size||Diesel — rate per mile|
|1600cc or less||11 pence|
|1601cc to 2000cc||13 pence|
|Over 2000cc||16 pence|