New HMRC Advisory Fuel Rates
28th February 2022
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
Rates
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 |
Disclaimer - All information in this post was correct at time of writing.
