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| Company cars: revised advisory fuel rates |
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HMRC have published revised advisory fuel rates for company car users, which take effect from 1 January 2009.
The revised figures give about one month's notice of the changes and apply to all journeys on or after 1 January 2009 until further notice. As was done for the July 2008 changes, HMRC are content for the new rates to be implemented immediately where employers are able and wish to do so. The new rates are as follows:
Petrol hybrid cars are treated as petrol cars for this purpose. Customs will also accept the figures in the table for VAT purposes though employers will need to retain receipts in line with current legislation. Link
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About The Author  Sarah Laing Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences). Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession. |
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Article Added Tuesday, 02 December 2008 | 3805 Hits |
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