With
effect from 1 July 2008 (previous rates)
the
following rates apply for reimbursement of fuel costs for company car
drivers:
|
Engine Size |
Petrol |
Diesel |
LPG |
|
1400cc or less |
12p (11p) |
13p (11p) |
7p ( 7p) |
|
1401cc to 2000cc |
15p (13p) |
13p (11p) |
9p ( 8p) |
|
Over 2000cc |
21p (19p) |
17p (14p) |
13p (11p) |
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:
| 2008-2009 |
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.
