© John M Taylor & Co 2007, All rights reserved

The Inland Revenue have announced that for all journeys on or after 1 August 2007 advisory fuel rates have been increased as a result of an increase in fuel prices. This rate applies where companies reimburse employees for business travel in their company car when the employee pay for all fuel.

The new rates to be used are as follows:-

 
Engine Size Petrol Diesel LPG
1400cc or less
10p
10p
6p
1401cc to 2000cc
13p
10p
8p
Over 2000cc
18p
13p
10p

 

Between 1 February and 1 August 2007 the following rates were in use:-

 
Engine Size Petrol Diesel LPG
1400cc or less
9p
9p
6p
1401cc to 2000cc
11p
9p
7p
Over 2000cc
16p
12p
10p

 

Company Cars - Advisory Fuel Rates (updated)