New advisory fuel rates

The Tax Office publish approved ‘ advisory fuel rates ‘ which apply where employers reimburse employees for business travel in their company cars, and where employees reimburse the cost of fuel used for private use travel in a company car where fuel is provided by the employer. The rates effective from 1 June 2011 can be found at www.hmrc.gov.uk/cars/advisory_fuel_current.htm
The rates are updated four times and any changes will take effect on 1 March, 1 June, 1 September and 1 December.