26 August 2020

HMRC has published its latest advisory fuel rates, which come into effect for company car users from 1 September 2020.

Here is a summary of the changes since the last rates were published on 1 June 2020:

Petrol

  • Rates for petrol engines of 1400cc or less remain unchanged at 10p per mile
  • Petrol rates for 1401cc to 2000cc engines remain unchanged at 12p per mile
  • Rates for petrol engines of over 2000cc remain unchanged at 17p per mile

LPG

  • Rates for LPG engines of 1400cc or less up by 1p to 7p per mile
  • LPG rates for 1401cc to 2000cc engines remain unchanged at 8p per mile
  • Rates for LPG engines of over 2000cc up by 1p to 12p per mile

Diesel

  • Rates for diesel engines of 1600cc or less remain unchanged at 8p per mile
  • Diesel rates for 1601 to 2000cc engines up by 1p to 10p per mile
  • Rates for diesel engines of over 2000cc remain unchanged at 12p per mile

Electric

  • Rates for fully electric engines are unchanged at 4p per mile

Advisory Fuel Rates for Petrol and LPG

Engine size Petrol – amount per mile LPG – amount per mile
1400cc or less 10p 7p
1401cc to 2000cc 12p 8p
Over 2000cc 17p 12p

Advisory Fuel Rates for Diesel

Engine size Diesel – amount per mile
1600cc or less 8p
1601cc to 2000cc 10p
Over 2000cc 12p

Advisory Electricity Rate

The Advisory Electricity Rate for fully electric cars is 4p per mile.

 

The previous rates can be used for up to one month from the date the new rates apply. The next advisory fuel rate review will take place on 1 December 2020.

Read HMRC’s guidance here.

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