.png)
.png)
HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 December 2021 until further notice.
For one month from the date of change employers may use either the previous or new rates. They may therefore make or require supplementary payments but are under no obligation to do either.
Hybrid cars are treated as either petrol or diesel cars for this purpose.
The amounts can be used for VAT but employers will need to retain receipts.
The advisory rate for fully electric cars is 4p a mile.
Engine size Petrol LPG
1 400cc or less 13p 9p
1 401cc to 2 000cc 15p ...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
