CHARTERED ACCOUNTANTS & BUSINESS ADVISERS Email: business@venthams.com Home > News > Latest advisory fuel rates update Latest advisory fuel rates update 26 Nov 21 New advisory fuel rates coming into play next week for employees' usage of company cars, following the latest quarterly update. From 1 December 2021, the following advisory fuel rates are in place for petrol and LPG-fuelled company cars. Engine size Petrol (per mile) LPG (per mile) 1400cc or less 13p 9p 1401cc to 2000cc 15p 10p Over 2000cc 22p 15p For company cars with diesel engines, the rates are: Engine size Diesel (per mile) 1600cc or less 11p 1601cc to 2000cc 13p Over 2000cc 16p Hybrid cars are treated as either petrol or diesel cars for this purpose, while the advisory electricity rate for fully-electric cars is 5p per mile. These rates apply when an employer reimburses employees for business travel in their company car and when employees are required to repay the cost of fuel used for private travel. Talk to us about providing benefits-in-kind. HOME ABOUT US OUR SERVICES NEWS BUSINESS FORUM CONTACT US News Business tax Government Announcements PAYE and NI Pensions savings investments Personal tax Regulations VAT Related Guides A guide to the anti-discrimination laws Setting pay Workplace pensions Evaluate your training needs Managing a contractor Related Services Retail Payroll Manufacturing Related News Additional property sales deadline extends Shipping firms that fly red ensign flag to get tax breaks Sunak extends recovery loan scheme Autumn Budget 2021: reactions 'GDP back to pre-pandemic level by the end of 2021' Latest News 26 Nov New rates for use of company cars from December 2021. Read full story 25 Nov Tax authority warns of payment delays looming. Read full story 24 Nov Capital gains tax reporting deadline is now 60 days. Read full story See all News Contact us Essex: 01702 209600 London: 020 7440 9300 Surrey : 01737 773796 Email: business@venthams.com Register today Get free access to our online guides and weekly business newswire. Register Today: register Site map Accessibility statement T&Cs Copyright Search Privacy statement Register Login Venthams ©. All rights reserved.