Milage Rates
 

 

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Inland Revenue Mileage Rates

Inland Revenue "approved mileage allowance payments", the maximum amount that you can receive for business use of a vehicle without paying tax, are:

Mileage

Cars & vans

Motor cycles

Bicycles

Up to 10,000 miles

40p per mile

24p per mile

20p per mile

Over 10,000 miles

25p per mile

24p per mile

20p per mile

 

'Fuel only' mileage rates, where an employee is provided with a company car and claims for fuel only:

Engine size (Petrol)

Rate

Engine size (Diesel)

Rate

1400cc or less

10p per mile

   

1401cc to 2000cc

12p per mile

Up to 2000cc

9p per mile

Over 2000cc

14p per mile

Over 2000cc

12p per mile

 

Copyright 2005 Ian Bell Accountants