Tax free mileage allowances

This information has been updated for the 2012/13 tax year.
| Higher Rate | Lower Rate | |
|---|---|---|
| 2011/12 | ||
| All cars | 45p | 25p |
| Motorcycles | 24p | 24p |
| Bicycles | 20p | 20p |
| Business passengers | 5p | 5p |
Higher rate (which was 40p for cars pre-6/4/2011) allowed up to 10,000 business miles.
Fuel-only allowances for company cars
| Petrol | Diesel | LPG | |
|---|---|---|---|
|
From 1/3/2012 onwards (current at April 2012) (from 1/12/11) |
|||
| Up to 1400cc | 15p (15p) | 13p (12p) | 10p (10p) |
| 1401 - 2000cc | 18p (18p) | 15p (15p) | 12p (12p) |
| Over 2000cc | 26p (26p) | 19p (18p) | 18p (18p) |
These rates may change more frequently than once a year.
You are advised to consult us before acting on any information contained herein.

Brooks Carling Accountants Limited