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Your employee travels 12,000 business miles in their car - the approved amount for the year would be £5,000 (10,000 x 45p plus 2,000 x 25p).
Feb 24, 2022 · Does the part between home and you workplace count as commuting or business mileage? The answer comes down to whether you stop at the office and for how long. If you drive past the office without stopping, the whole journey counts as business miles.
Mar 26, 2024 · Home; Money; Personal tax; Income Tax; ... First 10,000 business miles in the tax year Each business mile over 10,000 in the tax year; ... 2021 to 2022: £3,500: 2020 to 2021: £3,490:
- From tax year 2011 to 2012 onwards First 10,000 business miles in the tax year Each business mile over 10,000 in the tax year Cars and vans 45p 25p...
- 5p per passenger per business mile for carrying fellow employees in a car or van on journeys which are also work journeys for them. Only payments s...
- The charge is based on the price of the car for tax purposes (normally the list price) and accessories multiplied by an appropriate percentage base...
- The charges are: Tax year Amount 2023 to 2024 £3,960 2022 to 2023 £3,600 2021 to 2022 £3,500 2020 to 2021 £3,490 2019 to 2020 £3,430 2018 to 2019 £...
- Cars — to calculate the benefit charge on free or subsidised fuel for private use, the appropriate percentage used in calculating car benefit is ap...
- See the rates for this year and earlier years plus an explanation of how the rates can be used.
- You can calculate car and car fuel benefits by using our interactive calculator.
Oct 1, 2020 · For cars and vans, HMRC mileage rates are set at 45p per mile for the first 10,000 miles. After 10,000 miles, the amount that businesses can claim back drops to 25p per mile. These rates apply to both petrol and diesel cars. If you drive an electric car, the mileage rate is 4p per mile.
Mileage calculator for UK business expenses. Been on a business trip lately? If you’ve travelled under 10,000 miles in the current tax year you can use this simple calculator to work out how much you can claim back in expenses for your trip.
What if an employee starts doing more business miles at work? These rates of reimbursement will be paid for each business mile travelled. That is at 59 pence per mile before 3,500 miles in a year and at 24 pence per mile thereafter.
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Dec 8, 2022 · Similar proportions, around 30%, worked mainly at or from home in 2021 in England (31.5%) and in Wales (25.6%). In England, the regional percentages of people who worked mainly at or from...
