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mileage
Budget – Mileage allowance payments
For employees required to use their own car or van for work, the approved mileage rate for cars and vans will increase, from April 2011, to 45p per mile (up from 40p) for the first 10,000 miles in a tax year, and 25p per mile thereafter. For NICs purposes, the new limit is 45p per [...]
New advisory fuel rates from 1 March 2011
HMRC reviews the published advisory fuel rates every six months and the new rates, effective from 1 March 2011, are added to the Table below. The rates were not due for review until June 2011 but, in view of the increases in pump prices since December, HMRC gave notice during February that the rates would [...]
