Monday 16th February 2009
  Revised advisory fuel rates from 1 January 2009

From 1 January 2009 the advisory fuel rates for company cars are increased.  These are the guideline mileage rates to be used to reimburse employees for business travel in company cars or for employees to repay the cost of fuel used for private use and should be applied for journeys  on or after 1 January 2009.  Where these rates are used there are no tax or NIC implications for employees.  The new rates are as follows:-

Petrol Diesel LPG
up to 1400cc 10p 11p 7p
1401cc to 2000cc 12p 11p 9p
over 2000cc 17p 14p 12p

Petrol hybrid cars are treated as petrol cars for this purpose.

For further advice or assistance in respect of this please speak to your usual Argents advisor.