Advisory fuel rates

The price of road fuel has increased significantly in the last few months and HMRC has responded by raising all the advisory fuel mileage rates for company cars from 1 December 2021.


Advisory fuel rates

The price of road fuel has increased significantly in the last few months and HMRC has responded by raising all the advisory fuel mileage rates for company cars from 1 December 2021.

If you pay for the fuel in your company car your employer can reimburse you for the cost of business journeys in that car at the following mileage rates tax free:

Engine size: Up to 1400 1400- 2000ccOver 2000cc
Petrol13 p15p22p
LPG 8p (9p*)10p15p
Diesel 11p13p16p
Electric 5 p5p5p

*The LPG mileage rate for the smallest cars was reduced from 1 March 2022.

As diesel engines tend to be bigger, the division between rates is set at 1600cc rather than 1400cc.

At B20 Wessex we are Chartered Certified Accountants with years of experience in advising businesses on how to maximise their company tax savings.

Company Accounts

The B20 Wessex Payroll Bureau offers a comprehensive range of services for your business at competitive rates. We offer our customers a comprehensive payroll service, supporting your business at the fraction of the cost of a full time member of staff.

Payroll Bureau

If you are in business as a sole trader you are personally responsible for your business activities. Talk to us for more information about sole trader responsibilities and advice on becoming a sole trader.

Self Assessment Tax Returns

As a chartered, certified accountant we are well qualified to help you prepare your management accounts on a regular basis, so that you can keep track of your business.

Management Accounts