Contact TaxRebateServices.co.uk
CALL US (UK)
For a free discussion call
0845 094 0005
or 01228 520477
CALL US (OUTSIDE UK)
Calling from outside the UK?
Dial:
+44 (0)1228 520477
Email us at info@taxrebateservices.co.uk
TEXT
Text TAXREBATE
to 82010 and we will call
you back ASAP
Opening Hours:
We are open 8.30am to 4.30pm
Monday to Friday.
Common Questions About Tax
Q. What are the mileage allowance rates?
A. Mileage allowance rates are the rates allowed by HMRC for business mileage when using your own vehicle to travel to a temporary workplace in the performance of your duties.
Mileage Tax Allowance Rates
- Cars and vans up to 5th April 2011 mileage allowance rate:
40p per mile for the first 10,000 business miles
25p per mile for all business miles over 10,000 miles - Cars and vans from 6th April 2011 mileage allowance rate:
45p per mile for the first 10,000 business miles
25p per mile for all business miles over 10,000 miles - Motorcycles mileage allowance rate:
24p per mile for all business miles - Bicycles mileage allowance rate:
20p per mile for all business miles - Passenger’s mileage allowance rate:
5p per passenger per business mile
The passenger allowance can be claimed for carrying business colleagues, who work for the same company, in a car or van where the journey is also a business journey for the passenger. It is possible to claim mileage allowance relief at the above rates on business mileage, providing your employer pays you less than the approved amount.
Business Mileage Example
If you travel 10,000 miles and your employer pays you 20p a mile (£2000) you can claim tax relief on the difference between the approved amount, 10000 miles at 40p (£4000), and the amount your employer has paid you (£2000). As a result your business mileage allowance relief is £2000.
However, if your employer pays your business mileage, and it is taxed, you can claim the maximum mileage allowance rates, which in this example would total £4000.
It is important to use the correct business mileage rates as stated by HMRC when making a business mileage tax rebate claim.
You may also wish to read:
For further information about making business mileage tax claims, please see:
< back to Common Tax Questions
Which industry do you work in?
Tax Rebate Surveys for:
>> Education
>> Health
>> Vehicle Technician
>> Trades / Construction (PAYE tax rebates or CIS tax rebates)
>> Other Profession
OR:
>> Have you left / are leaving the UK?
>> Do you use your vehicle for work?
>> Do you pay UK tax but live overseas?
To see if we can help further please complete the relevant confidential FREE tax rebate survey
or call 0845 094 0005 or 01228 520477 for a FREE discussion.