Advisory Fuel Rates – changes from June 2022

advisory fuel rates

New advisory fuel rates effective from 1 June 2022:

The advisory fuel rates have increased from 1-3p per mile due to the spiraling costs of fuel at garages around the country.

Advisory fuel rates are used in the following circumstances:

  • to reimburse employees for business travel in their company cars; or
  • to require employees to repay the cost of fuel used for private travel.

The advisory fuel rate for fully electric cars will remain at 5p per mile, with Hybrid cars being treated as either petrol or diesel.

Further details are laid out below:

Advisory fuel rates from 1 June 2022:

Engine size Petrol – amount per mile (previous) LPG – amount per mile (previous)
1400cc or less 14p (13p) 9p (8p)
1401cc to 2000cc 17p (15p) 11p (10p)
Over 2000cc 25p (22p) 16p (15p)

 

Engine size Diesel – amount per mile
1600cc or less 13p (11p)
1601cc to 2000cc 16p (13p)
Over 2000cc 19p (16p)

HMRC reviews advisory fuel rates quarterly on 1 March, 1 June, 1 September and 1 December.

If you have any questions about this, please do not hesitate to contact us and one of the team will be happy to help

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