New advisory fuel rates are in play for employees' usage of company cars, following the latest quarterly update.
As of 1 December 2019, the following advisory fuel rates are in place for petrol and LPG-fuelled company cars.
|Engine size||Petrol (per mile)||LPG (per mile)|
|1400cc or less||12p||8p|
|1401cc to 2000cc||14p||9p|
For company cars with diesel engines, the rates are:
|Engine size||Diesel (per mile)|
|1600cc or less||9p|
|1601cc to 2000cc||11p|
Hybrid cars are treated as either petrol or diesel cars for this purpose, while the advisory electricity rate for fully electric cars is 4p per mile.
These rates apply when an employer reimburses employees for business travel in their company car and when employees are required to repay the cost of fuel used for private travel.
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