New Fuel Rates

The rising cost of fuel for motor vehicles has forced HM Revenue and Customs to increase the amount which can be claimed tax-free by way of reimbursement for car fuel for fuel used for business purposes but paid for by employees.
The new rates apply from 1 July 2008.
Stop press - it has been reported  in some quarters that HMRC will accept the use of the new rates from 1 June 2008.
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