HMRC have released new advisory fuel rates to apply from 1 June 2010. The rates apply where employers –
1. reimburse employees for business travel in their company cars;
2. require employees to repay the cost of fuel used for private travel in those company cars.
|1400cc or less||12p||11p||8p|
|1401cc to 2000cc||15p||11p||10p|
The above does not affect the 40p/25p mileage rates which can be paid tax free to employees using their own vehicles for business mileage.