Advisory fuel rate for company cars – September 2022

Advisory fuel rate for company cars – September 2022

The figures in the table below are the HMRC suggested reimbursement rates for employees’ private mileage using their company car from 1 September 2022. Remember that provided all private fuel is fully reimbursed the fuel benefit does not apply.

Engine Size Petrol Diesel LPG
1400cc or less 15p (14p)

 

9p
1600cc or less 14p (13p)

 

1401cc to 2000cc 18p (17p)

 

11p

 

1601 to 2000cc 17p

(16p)

 

Over 2000cc 27p

(25p)

 

22p

(19p)

 

17p

(16p)

 

 

Where the employer does not pay for any fuel for the company car these are the amounts that can be reimbursed in respect of business journeys tax free.

Where there has been a change the previous rate is shown in brackets.

Note that for hybrid cars you must use the petrol or diesel rate. You can continue to use the previous rates for up to 1 month from the date the new rates apply.

 

Need more information?

We offer a wide range of services which are unique to your businesses who are just getting going! Our team of chartered accountants have a wealth of experience in a broad range of sectors, from construction and property to the charity sector. Our team work hard to ensure they create smart and effective tax-efficient solutions for start-ups to optimise growth and help them succeed. If you want to learn more about how the team can help or simply want some start-up advice from a trusted accountant do hesitate to contact us. For more information please do hesitate to contact us on 0161 962 1855. Alternatively you can email us using the form below and we will contact you as soon as possible.

Our fantastic team at A&C Chartered Accountants are here to help.

Contact us below

Fields marked with an * are required





    Share this post

    Recent posts

    Want to learn more about what we do?