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Krogh & Partners Limited
 
Your auditor, accountant and advisor in the United Kingdom
Tax free mileage allowances










2011/12


Higher Rate
Lower Rate
All cars       

45p
25p
Motorcycles       

24p
24p
Bicycles       

20p
20p
Business passengers       

5p
5p




Higher rate (which was 40p for cars in 2010/11) is allowed up to 10,000 business miles.




Fuel-only allowances for company cars 


From 1.3.2011 (From 1.12.2010)
Petrol
Diesel
LPG
Up to 1400cc           
14p (13p)
13p (12p)
10p (9p)
1401 - 2000cc           
16p (15p)
13p (12p)
12p (10p)
Over 2000cc           
23p (21p)
16p (15p)
17p (15p)




These figures usually change on 1 June and 1 December each year.

Tax rates

Budget 2009 tax rates

Main income Tax reliefs
Income Tax rates and bands
Car benefit assessment
Tax free mileage allowances
National Insurance contributions
Pension contributions
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Stamp duty & stamp duty land Tax
Earliest due dates for payment of Tax