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03 July 2006
The fuel rates for company cars have been revised by HMRC.
The new rates apply to all journeys on or after 1 July 2006 until further notice:
|
Engine size |
Petrol |
Diesel |
LPG |
|
1,400cc or less |
11p |
10p |
7p |
|
1,401cc to 2,000cc |
13p |
10p |
8p |
|
Over 2,000cc |
18p |
14p |
11p |
HMRC will review the rates during a tax year only in the event of a variation in fuel prices of greater than 10% from the prices used at that time.
The figures in the table can be used for VAT purposes, although employers will need to retain receipts in line with current legislation.
