Magee Gammon Blog News New fuel advisory rates

New fuel advisory rates

CarHM Revenue & Customs (HMRC) has updated its advisory fuel rates, applying to all journeys on or after 1 September 2014.

HMRC approved advisory fuel rates apply where employers reimburse employees for business travel in their company cars and where employees reimburse the cost of fuel used for private travel in a company car. There is no fuel benefit charge if the advisory rates are used.

The figures quoted will also be accepted by HMRC for VAT purposes, though employers are reminded to retain receipts. New rates

Related Posts