HMRC provide company car Advisory Fuel Rates (AFR) on a quarterly basis. The current rates are as follows:

These rates apply from 1 September 2019. You can use the previous rates for up to 1 month from the date the new rates apply.

Engine sizePetrol – amount per mileLPG – amount per mile
1400cc or less12p8p
1401cc to 2000cc14p10p
Over 2000cc21p14p

Engine sizeDiesel – amount per mile
1600cc or less10p
1601cc to 2000cc11p
Over 2000cc14p

For more information visit the UK Government’s website.

What are the advisory rates for electric cars?

The Advisory Electricity Rate for fully electric cars is 4 pence per mile. Electricity is not a fuel for car fuel benefit purposes. Employees using personal vehicle for company business may be reimbursed for fuel as follows:

Type of vehicleFirst 10,000 milesAbove 10,000 miles
Cars and Vans45p25p
Motorcycles24p24p
Bikes20p20p

 

For any advice on advisory fuel rates please contact our Payroll Bureau at payroll@ellacotts.co.uk or 01295 250401.

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