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New Advisory Fuel Rates announced

Written By Faye Sunderland Published On: Jun 04 2009
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New Advisory Fuel Rates have been published by HM Revenue and Customs and come into force on July 1, although they can be used immediately if employers wish to implement them.Advisory Fuel Rates apply where employers reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel. They provide a range of rates based on engine size and fuel type, and when used, are deemed to be tax-free. HMRC reviews the rates twice a year with changes introduced on January 1 and July 1. The new rates with previous rates in brackets are:Engine size                             Petrol                         Diesel                           LPG 1400cc or less                     10p (10p)                  10p (11p)                     7p (7p) 1401cc to 2000cc              12p (12p)                  10p (11p)                     8p (9p) Over 2000cc                       18p (17p)                   13p (14p)                  12p (12p)Petrol hybrid cars are treated as petrol cars.

New car sales down a quarter i ...Jag XF offers best residual va ...

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