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HMRC advisory fuel rates for company cars
HMRC have revised the advisory fuel rates for company cars. In line with the arrangements agreed earlier in 2007, HMRC are giving one month's notice of the changes.
The rates apply to all journeys on or after 1 August 2007 until further notice.
The new rates are as follows:
|
Engine size |
Petrol |
Diesel |
LPG |
|
1,400cc or less |
10p |
10p |
6p |
|
1,401cc to 2,000cc |
13p |
10p |
8p |
|
Over 2,000cc |
18p |
13p |
10p |
Petrol-hybrid cars are treated as petrol cars for this purpose.
The figures in the table will also be accepted for VAT purposes, although employers need to keep receipts.
