Budget 2008

Advisory Fuel Rates for Company Cars - GT

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.
  • 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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