Latest Fuel Rates

November 30, 2009

Latest Fuel Rates

HMRC have announced that the rates payable for car fuel (where a mileage rate is paid to company car users for business travel) are as follows from 1 December 2009.
 
The mileage rates are payable when an employee uses a company car for business purposes and is reimbursed only for fuel used for business purposes. Using this system provides reimbursement for the employee for business mileage and prevents an assessable benefit in kind arising for fuel benefit, which is chargeable if fuel is provided by the employer for private motoring.
 
The new rates are:
 

Engine size
  Petrol
  Diesel
LPG
Up to  1400cc
   11p    11p
 7p
1401-2000cc
   14p
   11p
 8p
Over 2000cc
   20p
  14p
 12p