With
effect from 1 December 2009 (previous rates)
the
following rates apply for reimbursement of fuel costs for company car
drivers:
|
Engine Size |
Petrol |
Diesel |
LPG |
|
1400cc or less |
11p (10p) |
11p (10p) |
7p ( 7p) |
|
1401cc to 2000cc |
14p (12p) |
11p (10p) |
8p ( 8p) |
|
Over 2000cc |
20p (18p) |
14p (13p) |
12p (12p) |
The
above rates per mile are also used when calculating the VAT recoverable
on the Approved Mileage Rates shown below for employees who use their
own car on business:
| 2009-2010 |
First 10,000 business miles in the tax year |
Each mile over 10,000 miles in the tax year |
| Cars and vans | 40p | 25p |
| Motor cycles | 24p | 24p |
|
Bicycles |
20p |
20p |
If you need any help or advice on the above please contact
us today.
