New Advisory Fuel Rates
New rates apply from 1 December 2018. You can use the previous rates for up to one month from the date the new rates apply.
|Engine size||Petrol – amount per mile||LPG – amount per mile|
|1400cc or less||12 pence||8 pence|
|1401cc to 2000cc||15 pence||10 pence|
|Over 2000cc||22 pence||15 pence|
|Engine size||Diesel – amount per mile|
|1600cc or less||10 pence|
|1601cc to 2000cc||12 pence|
|Over 2000cc||14 pence|
Hybrid cars are treated as either petrol or diesel cars for this purpose.
Advisory Electricity Rate
The Advisory Electricity Rate which applies for fully electric cars is 4 pence per mile.
Employee vehicles: Mileage Allowance Payments (MAPs)
MAPs are the amount you pay for any of your employees using their own vehicle for business journeys. You can pay your employees an approved amount of MAPs each year without having to report them to HMRC. To calculate the approved amount, multiply your employee’s business travel miles for the year by the rate per mile for their vehicle.
Find out more about reporting and paying MAPs.
|Type of vehicle||Tax: rates per business mile|
|Car||For tax purposes: 45 pence for the first 10,000 business miles in a tax year, then 25 pence for each subsequent mile
For National Insurance purposes: 45 pence for all business miles
|Motorcycle||24 pence for both tax and National Insurance purposes and for all business miles|
|Cycle||20 pence for both tax and National Insurance purposes and for all business miles|
More details on advisory fuel rates can be found on HMRC’s website.
Alternatively, contact your local MFW office.