Tax Rates & Allowances - Tax Free Mileage Allowances

Tax-free mileage allowances

		2011/12
		Higher Rate	Lower Rate
All cars		45p	25p
Motorcycles		24p	24p
Bicycles		20p	20p
Business passengers		5p	5p

Higher rate (which was 40p for cars in 2010/11) is allowed up to 10,000 business miles.

Fuel-only allowances for company cars
From 1.3.2011 (From 1.12.2010)

	Petrol	Diesel	LPG
Up to 1400cc	14p (13p)	13p (12p)	10p (9p)
1401 - 2000cc	16p (15p)	13p (12p)	12p (10p)
Over 2000cc	23p (21p)	16p (15p)	17p (15p)

These figures usually change on 1 June and 1 December each year.

Designated Members : M.J. Jay, F.C.A. • P.E. Farrow, F.C.C.A., A.C.A. • J.W. Hall, F.C.C.A., A.C.A. • J.R. Turner, Dip. P.F.S., A.I.F.P. • R.D. Gray, A.C.I.B. • S.J. Edwards, F.C.A.
Member: S.T. Boote, B.Sc (Econ), F.C.A.

Offices at King's Lynn and Downham Market. Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Mapus-Smith & Lemmon LLP is a registered limited liability partnership.