HM Treasury’s United Kingdom Budget 2007

Grant Thornton

Grant Thornton

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
Passengers1 5p

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

The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.

This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.

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