Businesses face company car fuel rate cut
The advisory fuel rates, paid on company car fuel used, have been reduced
The advisory fuel rates, paid on company car fuel used, have been reduced
From 01 August, HRMC has changed the advisory fuel rates for business car journeys.
The rates rise by up to 2p per mile, depending on engine size and fuel type.
HMRC
HM Revenue and Customs (HMRC) has brought forward the implementation of new advisory fuel rates.
These new advisory fuel rates can be used from 01 June.
Normally, HMRC issues new rates
NEW advisory fuel rates have been published by HMRC. The new fuel rates for company cars have risen to take into account the current upward movement in fuel prices.
The rates
THE CHANCELLOR should have left you in little doubt: your business motoring costs are going to rise following Alistair Darling’s Pre-Budget Report.
The Chancellor confirmed that VAT will increase to 17.5%
Business Motoring is the motoring resource for small businesses and SME small fleets running company cars and business cars. We can help with questions about car leasing, company car tax, business mileage, writing down and leasing allowances, and all the other detail you need to know about running a car on the business. As well as this, we have the latest car news, company car taxation news and car reviews to help you make the right choice for your next company car, along with special car leasing offers to help you get the right business car leasing deal.
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