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Budget 2009
Introduction
Income Tax
Capital Gains Tax
Corporation Tax
Capital Allowances
Value Added Tax
Inheritance Tax
Vehicle Benefits
Mileage Allowances
NI Contributions
Key Dates & Deadlines
Pension Premiums
Charitable Giving
Savings & Investments
Some Useful Rates
Stamp Taxes

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 Thereafter
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 at the time of the Budget for employee private mileage reimbursement or employer reimbursement of business mileage in company cars are:
  Petrol Diesel LPG
Up to 1400cc 10p 11p 7p
1401cc - 2000cc 12p 11p 9p
Over 2000cc 17p 14p 12p


 
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