Rowley's Chartered Accountants Leicester



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Latest News

May 27, 2010

VAT on mileage claims

To reflect recent increases in fuel prices HMRC have announced new advisory fuel rates* to be applied from 1st June 2010 as follows:

Engine size

Petrol

Diesel

LPG

1400cc or less

£0.0178

£0.0164

£0.0119

1401cc to 2000cc

£0.0223

£0.0164

£0.0149

Over 2000cc

£0.0312

£0.0238

£0.0208

*the advisory rates are not binding where an employer can demonstrate that the cost of business travel in employer provided cars is higher than the guideline mileage rates. The higher cost would need to be agreed with HMRC under a dispensation.

 

Company cars - advisory fuel rates from 1st June 2010

These rates apply to all journeys on or after 1st June 2010 until further notice. For one month from the date of change, employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either.

Engine size

Petrol

Diesel

LPG

1400cc or less

12p

11p

8p

1401cc to 2000cc

15p

11p

10p

Over 2000cc

21p

16p

14p

Petrol hybrid cars are treated as petrol cars for this purpose.

If you have any questions, please contact us.

Further information: Historical Rates


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