Tax and Figures Hemel Hempstead

Online Resources > Tax Rates & Allowances >

Tax Free Mileage Allowances

Coins
 
  First 10,000 business miles in the tax year Each mile over 10,000 miles in the tax year Extra passenger making same trip
Cars and vans
40p 25p 5p
Motor cycles
24p 24p N/A
Bicycles
20p 20p N/A
These rates represent the maximum tax-free mileage allowances for employees using their own vehicles for business. Any excess is taxable. If the employee receives less than the statutory rate, tax relief can be claimed on the difference.

 

 Part of the 'Tax & Figures' network of accountants in practice.     © Copyright 2006