Fuel rates for company car drivers
HMRC has announced new advisory fuel rates, from 1 March 2023, for employees using a company car.
Petrol – amount per mile
LPG – amount per mile
1400cc or less
1401cc to 2000cc
Diesel – amount per mile
1600cc or less
1601cc to 2000cc
Also, from 1 March 2023, the advisory electricity rate for fully electric cars is 9p per mile. Hybrid cars are treated as either petrol or diesel cars for advisory fuel rates.
The previous rates can be used for up to one month from the date the new rates apply.
A list of earlier rates can be found on the HMRC website.