In line with recent reductions in fuel prices, HMRC has reduced their suggested reimbursement rates for employees’ private mileage using their company car from 1 March 2019. Where there has been a change the previous rate is shown in brackets.
Engine Size | Petrol | Diesel | LPG |
1400cc or less | 11p
(12p) |
7p
(8p) |
|
1600cc or less | 10p | ||
1401cc to 2000cc | 14p
(15p) |
8p (10p)
|
|
1601 to 2000cc | 11p
(12p) |
||
Over 2000cc
|
21p (22p)
|
13p (14p)
|
13p
(15p) |
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. The Advisory Electricity Rate for fully electric cars is 4 pence per mile.