Tax Rates & Allowances 2016/17
Mileage Allowance Payments
2016/17 and 2015/16 |
|
Cars and vans |
Rate per mile |
| Up to 10,000 miles | 45p |
| Over 10,000 miles | 25p |
| Bicycles | 20p |
| Motorcycles | 24p |
These rates represent the maximum tax free mileage allowances for employees using their own vehicles for business. Any excess is taxable. If the employee receives less than the statutory rate, tax relief can be claimed on the difference.