HMRC have published new advisory fuel rates for company car drivers which apply from 1 December 2021.
All rates have increased including those for electric cars which have reached 5p per mile for the first time since their introduction in 2018.
The new rates per mile are:
|1,400cc or less||13p||9p||5p|
|1,600cc or less||11p||5p|
|1,401cc – 2,000cc||15p||10p||5p|
|1,601cc to 2,000cc||13p||5p|
* Fully electric cars only
Hybrid cars are treated as either petrol or diesel cars for these purposes.
The old rates may be used until 31 December 2021.
If you have any questions relating to this, please don’t hesitate to contact us