Company car benefit: 2022/23 rates for petrol and hybrid cars updated

01 June 2022

Her Majesty’s Revenue and Customs’ (HMRC’s) guidance on company car benefits has been updated to show the rates for the current tax year.

CO2 emissions g/km

Electric mileage range

NEDC %

WLTP %

0

2

2

1 to 50

130 and above

2

2

1 to 50

70 to 129

5

5

1 to 50

40 to 69

8

8

1 to 50

30 to 39

12

12

1 to 50

less than 30

14

14

51 to 54

15

15

55 to 59

16

16

60 to 64

17

17

65 to 69

18

18

70 to 74

19

19

75 to 79

20

20

80 to 84

21

21

85 to 89

22

22

90 to 94

23

23

95 to 99

24

24

100 to 104

25

25

105 to 109

26

26

110 to 114

27

27

115 to 119

28

28

120 to 124

29

29

125 to 129

30

30

130 to 134

31

31

135 to 139

32

32

140 to 144

33

33

145 to 149

34

34

150 to 154

35

35

155 to 159

36

36

160 and above

37

37

The tables outline how to work out the percentage benefit for both petrol-powered cars and hybrid-powered cars. The figures for the 2022/23 tax year will be frozen until 2024/25.

There is more detailed guidance for more information on how to work out the benefit of a company car. There are special rates for cars with different fuel types, or cars without an approved CO2 emissions figure. Where 2 cars are provided consecutively, the benefit chargeable for each car will depend on the length of time each car was unavailable to the employee


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