TF - FPCS

MILEAGE ALLOWANCE

Income tax rates

Income tax allowances

Capital gains tax

Scale benefits for vehicles

Mileage Allowance

VAT

Business mileage	2012-13	2011-12
For all engine sizes
Up to 10,000 miles	45p	45p
Excess over 10,000 miles	25p	25p

The rates are tax-free allowances which may be used to reimburse employees who use their own cars for business purposes.

From 1 March 2012, employers can use the following fuel only rates to reimburse employees for business travel in their company cars. The rates can also be used where staff are required to repay the cost of private fuel. These rates are now subject to a quarterly review by HMRC.

Engine size	Petrol Fuel cost	Diesel Fuel cost	LPG Fuel cost
	per mile	per mile	per mile
1400cc or less	15p	13p	10p
1401-2000cc	18p	15p	12p
Over 2000cc	26p	19p	18p

The Tax Practice (Guildford) Limited registered in England & Wales 4414698