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Advisory fuel rates from 1 June 2024

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HMRC have published revised advisory fuel rates from 1 June 2024. The rates are to be used only where employers either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel.

The changes in rates are not significant, with small increases to the petrol and diesel amounts (generally 1p in each band) while the LPG rates are unchanged from the previous quarter.

Helpfully, HMRC now include the electric rate per mile for fully electric cars as part of the quarterly tables, and have also added the relevant electric rate to the historical tables going back to 1 June 2022.

Issue: 1665
Categories: News