Budget 2008

Tax free Approved Mileage Rates - GT

Tax free Approved Mileage Rates

Statutory maximum amounts payable to employees for using their own transport for business purposes
  Per mile
Cars and vans (regardless of cylinder capacity)  
– 1-10,000 miles in tax year 40p
– excess over 10,000 miles 25p
Motorcycles 24p
Cycles 20p
Passengers* 5p

* Paid to driver for each fellow employee passenger carried on same business trip to encourage car sharing.

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