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Budget 2008
Advisory Fuel Rates for Company Cars
| From 1 January 2008 | |||
| Engine size | Petrol | Diesel | LPG |
| 1400cc or less | 11p | 11p | 7p |
| 1401 - 2000cc | 13p | 11p | 8p |
| Over 2000cc | 19p | 14p | 11p |
- Can be used where employers:
- reimburse employees for business travel in company cars
- require employees to repay fuel costs for private travel.
- reimburse employees for business travel in company cars
- Employers can set alternative supported rates.
- Petrol hybrid cars treated as petrol cars.
- Subject to review twice a year with changes to take effect from 1 January and 1 July.
- Rate change considered where fuel prices fluctuate by 5%in each 6 month period.
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