HM REVENUE & CUSTOMS (HMRC) HAS ANNOUNCED REVISIONS TO ADVISORY FUEL RATES.
These rates apply from 1 June 2020, however you can use the previous rates for up to 1 month from the date the new rates apply.
The rates, which companies use to repay company car drivers for fuel used on business travel, apply to all journeys on or after 1 June 2020. Hybrid cars are treated as either petrol or diesel cars for this purpose.
Table of rates - Petrol, diesel and LPG rates shown are amount per mile
Advisory Electricity Rate
The Advisory Electricity Rate for fully electric cars is 4 pence per mile.
HMRC review these rates four times a year. Any changes take effect at the beginning of each calendar quarter (on 1 March, 1 June, 1 September and 1 December).
More details on the current Advisory Fuel Rates are available through the HMRC website: