NEW ADVISORY FUEL RATES
HM Revenue & Customs have announced that the advisory fuel rates for company cars will increase from 1 January 2008.
The new rates applying to all journeys made on or after 1 January 2008 are (with existing rates in brackets):
| Engine size | Petrol | Diesel | LPG |
| 1,400cc or less: | 11p (10p) | 11p (10p) | 7p (6p) |
| 1,401cc to 2,000cc: | 13p (13p) | 11p (10p) | 8p (8p) |
| Over 2,000cc: | 19p (18p) | 14p (13p) | 11p (10p) |
Advisory fuel rates are the guideline rates at which employers can reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel in company cars, without tax or NIC implications.
