Compensation & Benefits: New company car mileage rates
From 1 December 2009, HMRC approved rates payable to an employee for
use of a company car for business purposes have changed with immediate
effect.
(HMRC explained that the one month’s prior notice previously given
for such changes does not apply).
The new rates are as follows:
Engine size
|
Petrol
|
Diesel
|
LPG
|
|
Up to 1400cc
|
11p
|
11p
|
7p
|
|
1401-2000cc
|
14p
|
11p
|
8p
|
|
Over 2000cc
|
20p
|
14p
|
12p
|
HMRC confirms that petrol hybrid cars are treated as petrol cars for
this purpose.
Resources
Company
cars – advisory fuel rates
Rates and Allowances –
travel
For further information or to discuss the issues raised, please contact
Guy Abbiss (guy.abbiss@abbisscadres.com)
or Libs Davies (libs.davies@abbisscadres.com)
on +44 (0) 203 051 5711.
CELIA Alliance
CELIA Alliance members are identified here. Members of the CELIA Alliance are each independent law firms and do not practice law jointly with any other member of the CELIA Alliance. “CELIA Alliance” and “CELIA” are not trading names. For more information about the CELIA Alliance click here.
Disclaimer
Content is for general information purposes only. The information provided is not intended to be comprehensive and it does not constitute or contain legal or other advice. If you require assistance in relation to any issue please seek specific advice relevant to your particular circumstances. In particular, no responsibility shall be accepted by the authors or by Abbiss Cadres LLP for any losses occasioned by reliance on any content appearing on or accessible from this newsletter. For further legal information click here.
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