HMRC have published company car advisory fuel rates for use from 1 March 2022.
The rates apply when employers reimburse employees for the cost of fuel for business travel in their company cars or require employees to repay the cost of fuel used for private travel. HMRC review rates quarterly on 1 March, 1 June, 1 September and 1 December.
If you wish to speak to a member of ABG’s tax team regarding how you apply HMRC fuel rates, please contact us on 020 7330 0000.
