Company cars – new advisory fuel rates
Changes have been announced to the company car advisory fuel rates with effect from 1 July 2009. Some of the rates have been reduced to the light of slightly lower fuel prices at the pumps. These figures can also be used for VAT purposes although businesses still need to retain fuel receipts.
|1400cc or less||10p||10p||7p|
|1401cc to 2000cc||12p||10p||8p|
Petrol hybrid cars are treated as petrol cars for this purpose.
The fuel rates are usually reviewed twice a year effective 1 January and 1 July although may change more often where there is significant fluctuation in fuel prices.