The latest advisory fuel rates for companies have been published by the HMRC. Previously these rates were reviewed biannually; however, with the fluctuating fuel prices now being experienced, this has been increased to review rates quarterly.
Whilst only an advisory figure, the fuel rates are a useful way to work out fuel costs for companies; whether it be how much to reimburse an employee for business travel, or how much an employee owes for using a company car for personal use.
Below are the HMRC advisory company car fuel rates as of 1st December 2011.
ERC can assist you with a variety of business expenses issues or queries you may have, and we have a wealth of experience in our team to help you whatever your issue. Feel free to get in touch today to find out how we can help you and your business.
