3 June 2010 - Company Cars: Advisory Fuel Rates From 1 June 2010

HM Revenue & Customs have announced changes in advisory fuel rates, as of 1st June 2010.

These rates apply to all journeys on or after 1 June, until further notice.  This allows them to reflect fuel prices more quickly.  For one month from the date of change, employers may use either the previous or the new current rates, as they so choose.

Employers may therefore make or require supplementary payments if they wish, but are under no official obligation to do either.

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

For further information, please contact Dawn Foden-Smith, Employment Tax Specialist at Booth Ainsworth, on 0161 475 1532.