David Hancock & Co - Chartered Accountants & Business Advisers, Southampton
David Hancock & Co
David Hancock & Co - Chartered Accountants & professional advisers - tax planning, audits, VAT, payroll, tax returns, business development.
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Home > > 12 March 2008 Budget Report > Mileage Allowances

Mileage Allowances

Changes to the HM Revenue & Customs business mileage rates are announced from time to time.

The current effective rates from 1 January 2008 are:

Vehicle First 10,000 miles Thereafter
Car / Van 40p 25p
Motorcycle 24p 24p
Bicycle 20p 20p


Car – fuel only advisory rates
Engine capacity Petrol Diesel LPG
up to 1400cc 11p 11p 7p
1401 - 2000cc 13p 11p 8p
Over 2000cc 19p 14p 11p

The HM Revenue & Customs advisory rates can be applied as a tax-free maximum rate for employees claiming for petrol used on business journeys and for employees reimbursing their employers with the cost of petrol used for private journeys. HM Revenue & Customs will consider claims for a higher maximum rate, if it can be demonstrated that it is necessary for an employee to use a car with higher than average fuel costs.