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.
|Petrol — rate per mile
|LPG — rate per mile
|1400cc or less
|1401cc to 2000cc
|Diesel — rate per mile
|1600cc or less
|1601cc to 2000cc
Disclaimer - All information in this post was correct at time of writing.