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Tax Rates and Allowances on Business Mileage
If you use your car for business you can claim a tax relief from the Inland Revenue. The table below shows how much you can claim:
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From 2002/2003
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First 10,000 miles in tax year (April 6th-April 5th)
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Each mile over 10,000 in tax year (April 6th-April5th)
|
| Car and Vans |
40p
|
25p
|
| Motorbikes |
24p
|
24p
|
| Cycle |
20p
|
20p
|
Related Articles:
Business Mileage
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Disclaimer: The above information can not be taken as advice and is for illustration purposes only. Please call Tax Fix before making any claims or confirmation. Tax Fix can not accept any liability for action taken and any losses incurred.
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