Changes have been made by HMRC to the advisory fuel rates (AFRs) for all journeys on or after 1 December 2022 for company car drivers claiming back fuel costs from their employer
AFR update – main dfferences (from the old rates in Sept ’22) are:
- A decrease by 1p per mile for all petrol engine sizes
- An increase by 1p per mile for LPG vehicles (compared with the September 2022 rates)
- The AFR for electric cars rises from 5p to 8p per mile
The equivalent diesel vehicle rate for vehicles under 2000cc and those over 2000cc remain unchanged. The old rates (September 2022) can be used for the month of December, but from January onwards the new rates must be applied
These rates are applicable as follows:
- Where employers reimburse employees for business travel (company cars); or
- Where employers require employees to repay the cost of private travel
| Engine Size | Petrol | LPG |
| 1400cc or less | 14p (15p) | 10p (9p) |
| 1401cc to 2000cc | 17p (18p) | 12p (11p) |
| Over 2000cc | 26p (27p) | 18p (17p) |
| Engine Size | Diesel |
| 1600cc or less | 14p (14p) |
| 1601cc to 2000cc | 17p (19p) |
| Over 2000cc | 22p (22p) |
Hybrid & Electric Company Car Fuel Rate Information
Hybrid cars are treated as either petrol or diesel cars for this purpose and the advisory rate for fully electric cars rises from 5p to 8p per mile.
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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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