Fuel rates
Did you know that HMRC’s advisory fuel rates are reviewed twice a year, largely to reflect changes in fuel prices? The rates indicate the amounts an employer can pay to an employee who is provided with a company car for business mileage, without income tax and national insurance contributions arising. Changes take effect on 1 January and 1 July. The revised rates from 1 July 2009 are:
Engine size Petrol Diesel LPG
1400cc or less 10p 10p 7p
1401cc to 2000cc 12p 10p 8p
Over 2000cc 18p 13p 12p
Useful Information
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Summer Budget 2010 Information on the Chancellor's new budget.
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Tax, Vat & Accountancy Tips - Summer Newsletter Summer 2010 Newsletter.
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