|
|
Mileage Allowances
| For Employees Using Their
Own Transport |
| The approved maximum tax
and national insurance free mileage allowances for employees
using their own transport for business are as follows: |
| Flat Rate |
First 10,000
Miles |
Miles over
10,000 |
| Car / Van |
40p |
25p |
| Motorcycle |
24p |
24p |
| Bicycle |
20p |
20p |
Income Tax and NICs are
due when allowances exceed these rates. Employees can claim
tax relief on any shortfall.
Rates of up to 5p per mile, per passenger, are also tax and
NIC free when paid for the carriage of fellow employees on
the same business trip. |
|
| Fuel-Only Mileage Rates |
HMRC advisory
mileage rates as at January 2008 for employee
private mileage reimbursement or employer
reimbursement of business mileage are: |
| |
Petrol |
Diesel |
LPG |
| Up to 1400cc |
11p |
11p |
7p |
| 1401cc - 2000cc |
13p |
11p |
8p |
| Over 2000cc |
19p |
14p |
11p |
|
|
|
