HMRC have announced new rates for journeys
on or after 1 July 2006. These rates apply
to company car drivers who are reimbursed
for business miles driven. The rates can
also be used by company car drivers who claim
all their fuel costs and then reimburse their
employer for their private mileage.
| Engine Size |
Petrol |
Diesel |
LPG |
| 1400cc or less |
11p (10p) |
10p (9p) |
7p (7p) |
| 1401cc to 2000cc |
13p (12p) |
10p (9p) |
8p (8p) |
| Over 2000cc |
18p (16p) |
14p (13p) |
11p (10p) |
Employers can increase the rates paid to
the above amounts without having to agree
them with HMRC.
There has been no increase to the 40p a
mile rate which applies to the first 10,000
business miles driven by an employee in their
own car. The employee car rate drops to 25p
per mile after 10,000 miles.
Internet link:
HMRC
website
|
