Advisory Fuel Rates

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;

or-

2. require employees to repay the cost of fuel used for private travel in those company cars.

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.