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| Fuel Rate Change from 1st July 2008 |
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To reflect the increases in fuel prices, HMRC have issued new advisory fuel rates for employees driving employer provided cars. These take effect for all journeys undertaken from 1 July 2008 so employers wishing to use the new rates should advise affected employees and update any expense forms as soon as possible.
Engine size, Petrol, Diesel, LPG
1400cc or less 12p (11p) 13p (11p) 7p (7p)
1401cc – 2000cc 15p (13p) 13p (11p) 9p (8p)
Over 2000cc 21p (19p) 17p (14p) 13p (11p)
HMRC are supposed to give employers a month’s notice of changes the Advisory Fuel Rates (AFR). However according to the HMRC guidance:
‘the recent fuel price increases which justify these AFR changes have happened very rapidly. In these unusual circumstances we are mindful that an implementation date of 1 July might mean that drivers will be incurring higher fuel prices before the new rates become effective. Consequently, where employers are able to do so, HMRC is content for the new rates to be implemented immediately ie from 1 June.’
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