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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 |
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