Business mileage private car

Business mileage private car

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Just been asked by a client if the maximum tax free mileage is going down to 26p per mile from 40p (up to 10000 miles).

Is this correct? I can't verify the information.

Many thanks
Leeroy

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By alanlowrey.hotmail.co.uk
20th Oct 2007 10:14

No change - yet!
As part of a review of Employee Car Ownership Schemes, HMRC undertook a consultation process as a consequence of which they proposed changes to the Authorised Mileage Rates. They have come up with a number of proposals including varying the mileage rates by reference to CO2 emissions, annual business mileage etc.

As far as I know, no firm decision has been taken as to whether or not to introduce any changes such as your client has suggested but it wouldn't surprise me if this were to come about. No mention in the PBR but watch the next Budget!

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