HMRC has issued revised advisory fuel rates from 1 March 2023, reflecting a slight fall in fuel prices in recent months. The rates apply when employers either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel.
Although most of the petrol, diesel and LPG amounts are reduced slightly, the advisory electricity rate for fully electric cars rises from 8p to 9p per mile.
HMRC has issued revised advisory fuel rates from 1 March 2023, reflecting a slight fall in fuel prices in recent months. The rates apply when employers either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel.
Although most of the petrol, diesel and LPG amounts are reduced slightly, the advisory electricity rate for fully electric cars rises from 8p to 9p per mile.
