Changes to the HM Revenue & Customs business mileage rates are announced from time to time.
The current effective rates from 1 January 2008 are:
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.
Navigate through your guide to the Budget 2008
Introduction and Budget highlights Residence and domicile Business taxation National insurance contributions Business incentives Personal savings Company cars Capital taxes Company vans Excise duties Mileage allowances Stamp duties Value added tax Other measures announced Personal taxation 2008 tax calendar
Content by: Business Made Simple
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