Newsletter issue - January 2020.
HMRC have published company car advisory fuel rates for use from 1 December 2019.
The rates apply when employers reimburse employees for the cost of fuel for business travel in their company cars or require employees to repay the cost of fuel used for private travel. HMRC review rates quarterly on 1 March, 1 June, 1 September and 1 December.
The rates applying from 1 December 2019 are as follows:
Petrol and LPG
Engine size 1400cc or less: petrol 12p per mile, LPG 8p per mile
1401cc to 2000cc: petrol 14p per mile; LPG 9p per mile
Over 2000cc: petrol 21p per mile; LPG 14p per mile
Diesel
1600cc or less: 9p per mile
1601cc to 2000cc: 11p per mile
Over 2000cc: 14p per mile
Current and older rates can be found on the gov.uk website at
https://www.gov.uk/government/publications/advisory-fuel-rates