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Fuel rates
The advisory fuel rates for company cars have been revised as shown below and apply to all journeys on or after 1 February 2007:
Fuel rates
The advisory fuel rates for company cars have been revised as shown below and apply to all journeys on or after 1 February 2007:
|
Engine size |
Petrol |
Diesel |
LPG |
|
1400cc or less |
9p |
9p |
6p |
|
1401cc to 2000cc |
11p |
9p |
7p |
|
Over 2000cc |
16p |
12p |
10p |
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.
www.hmrc.gov.uk
