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Home » News & Insights » Updated Advisory Fuel Rates

Updated Advisory Fuel Rates

Posted on 16th December 2021

Advisory fuel rates are intended to reflect actual average fuel costs and are updated quarterly. The rates can be used by employers who reimburse employees for business travel in their company cars or where employees are required to repay the cost of fuel used for private travel. HMRC accepts there is no taxable profit and no Class 1A National Insurance on reimbursed travel expenses where employers pay a rate per mile for business travel no higher than the published advisory fuel rates.

Employees can also use the advisory fuel rates to repay the cost of fuel used for private travel. In this case, HMRC will accept there’s no fuel benefit charge. The advisory rates are not binding if you the employer can demonstrate that employees cover the full cost of private fuel by repaying at a lower rate per mile.

The latest advisory fuel rates became effective on 1 December 2021. Fuel rates are reviewed four times a year with changes taking effect on 1 March, 1 June, 1 September, and 1 December. You can use the previous rates for up to 1 month from the date the new rates apply.

The new rates are as follows:

Engine sizePetrol – amount per mileLPG – amount per mile
1400cc or less13p9p
1401cc to 2000cc15p10p
Over 2000cc22p15p
Engine sizeDiesel – amount per mile
1600cc or smaller11p
1601cc to 2000cc13p
Over 2000cc16p

Source: Informanagement

MJB Avanti | 08000 388799

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Disclaimer:- The information contained herein is given by way of general guidance only and no action should be taken solely on the basis of the information contained herein. The Avanti Group (UK) Ltd will be pleased to provide further guidance on the issues, and how they might affect you. No liability is accepted by the firm for any action taken without seeking appropriate professional advice

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