Latest advisory fuel rates published
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Electronic VAT return
The advisory fuel rates published by HMRC set fixed amounts that can be paid to an employee using a company car for business mileage, without income tax consequences. It's possible to use a higher rate, but you must show that the actual fuel cost per mile is greater than the advisory rates.
HMRC has now published the advisory rates applicable from 1 December 2023, with a 1p increase for all diesel car users.
The rates per mile will be:
|
Engine size |
Petrol |
LPG |
|
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
1,400cc or less |
14p |
10p |
|
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1,401cc to 2,000cc |
16p |
12p |
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|
Over 2000cc |
26p |
18p |
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The rate for electric vehicles has dropped to 9p. These rates apply from 1 December 2023, but you can still use the previous rates for one month from that date. For a full list of current and historic rates, click here.
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