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New Advisory Fuel Rates

HMRC has announced new advisory fuel rates (AFRs) for company cars. They apply to all journeys on or after 1 June 2022 for company car drivers claiming back fuels costs from their employer.

Hybrid cars are treated as either petrol or diesel cars for this purpose. The advisory rate for fully electric cars is 5p a mile.

Engine SizePetrolLPG
1400cc or less14p9p
1401cc to 2000cc17p11p
Over 2000cc25p16p

Engine SizeDiesel
1600cc or less13p
1601cc to 2000cc16p

As accountants, we can provide advice regarding a range of tax-efficient planning strategies to implement to help you and your business.

Feel free to share our top tax tips with your business associates – to make this easier, we have added share icons at the bottom of the page.

Contact the Team at HB Accountants here for more information or call 01992 444466.


The information contained above is for general guidance purposes only. Whilst every effort has been made to ensure the contents are accurate, please note that each individual has different circumstances and it is essential that you seek appropriate professional advice before you act on any of the information contained herein. HB Accountants can accept no liability for any errors or omission or for any person acting on or refraining from acting on the information provided in the above

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