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Mileage Allowances 2008/09 for Cars, Vans, Motorcycle and Bicycles

Where an employee provides their own personal transportation.
The employee can be reimbursed at any level for the use of their own transport, however the amounts may not exceed those shown below without resulting in a tax charge.
Flat Rate	First 10,000 Miles	Miles over 10,000
Car / Van	40p	25p
Motorcycle	24p	24p
Bicycle	20p	20p
In situations where the level of reimbursement is greater than the above amounts, the employee will be required to pay both income Tax and NICs on the total monies received from the employer. They are also able to make a claim relief where they are paid less than the above rates.. Where an employee provides transportation to colleagues they are able to claim up to 5p per mile per colleague provided the journey is business related and reasonable.

Fuel-Only Mileage Rates
Revenue and Customs permit the following rates to be used for an employee for private mileage reimbursement or employer reimbursement of business mileage are:
	Petrol	Diesel	LPG
Up to 1400cc	11p	11p	7p
1401cc - 2000cc	13p	11p	8p
Over 2000cc	19p	14p	11p

Testimonials

I recall that we first started using Omega because we required a cash flow forecast to be updated urgently for some investors from overseas.

Since then, we use Omega as our main UK accountants and have no intentions of changing any time soon.

Harold Lines

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Partners: Fast online Company Formation services, complete with your own choice of directors and shareholders. An easy to use electronic system provides facilities for registering a company with no paper forms to fill out, incorporated in approximately 3 hours.

Omega Accountancy London Limited - Company Number: 6374590 - VAT Registration Number 919 1094 21 - Registered Office address: Suite 404, 324 Regent Street, London. W1B 3HH. United Kingdom.