Advisory Fuel Rates from 1 June 2020

The advisory fuel rates that apply from 1st June 2020 for company car drivers have been published by HMRC!

Hybrid cars are treated as either petrol or diesel cars for this purpose and the Advisory Electricity Rate for fully electric cars is 4 pence per mile (although electricity is not a fuel for car fuel benefit purposes).

You can still use the previous rates up to 30 June 2020.

If you wish to speak to a member of the team on this subject and how it can affect your business, head to our contact page or there’s more information on the Gov UK website.

The new rates from 1 June 2020 are:

Don’t forget to check out our tax rates and allowances page under our Resources tab, where you’ll find lots more information on the different rates that may apply to you, plus our calculators, factsheets and news updates which are all free to use and read!