Hybrid Vehicles: Fuels

(asked on 22nd April 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has plans to introduce a specific advisory fuel rate for hybrid vehicles.


Answered by
Gareth Davies Portrait
Gareth Davies
Shadow Financial Secretary (Treasury)
This question was answered on 30th April 2024

Advisory Fuel Rates apply when an employer reimburses an employee for business travel in a company car, or when an employee reimburses an employer for the cost of fuel used for private travel. Rates vary by engine size and fuel type and are reviewed quarterly. There are no current plans to introduce a specific advisory rate for hybrid vehicles.

The Advisory Fuel Rates are not mandatory. Employers and employees can instead agree to reimburse different amounts, subject to certain tax conditions.

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