New company car advisory fuel rates have been published which take effect from 1 March 2020. The guidance states: 'You can use the previous rates for up to one month from the date the new rates apply'. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or after 1 March 2020 are: Engine size Petrol 1400cc or less 12p 1401cc - 2000cc 14p Over 2000cc 20p Engine size LPG 1400cc or less 8p 1401cc - 2000cc 10p Over 2000cc 14p Engine size Diesel 1600cc or less 9p 1601cc - 2000cc 11p Over 2000cc 13p Hybrid cars are treated as either petrol or diesel. HMRC guidance states that the rates only apply when you either: reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel. The Advisory Electricity Rate for fully electric cars is 4 pence per mile. Electricity is not a fuel for car fuel benefit purposes. You must not use these rates in any other circumstances. If you would like to discuss your car policy, please contact us. Internet link: GOV.UK AFR