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
|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|
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.