Company Cars - Advisory Fuel Rates from 1 July 2009

HMRC have announced new rates that apply to all journeys on or after 1 July 2009.
The rates apply where employers reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel.
Customs will also accept the rates for VAT purposes if employers retain sufficient receipts.
Follow the link below for the new rates:

http://www.hmrc.gov.uk/cars/advisory_fuel_current.htm

For help and advice regarding company cars contact Nottingham Accountants Marshall Smalley Chartered Certified Accountants on 0115 9565171 or visit www.marshallsmalley.com