Tax and travel – Mileage rates

Changes to the HMRC business mileage rates are announced from time to time. The fuel only advisory rates below relate to company cars only and apply from 1 September 2018.

Vehicle First 10,000 miles Thereafter Car – fuel only advisory rates
Engine capacity
Petrol Diesel  LPG
Car/Van 45p 25p 1400cc or less 12p 10p 7p
Motorcycle 24p 24p 1401cc to 1600cc 15p 10p 9p
Bicycle 20p 20p 1601cc to 2000cc 15p 12p 9p
      Over 2000cc 22p 13p 13p

Our experts at Beavis Morgan can ensure your tax affairs are as efficient as possible to fit your circumstances. In addition, we can look ahead to retirement and inheritance tax planning.

For more information and to discuss your tax affairs in further detail, contact your usual Beavis Morgan Partner.