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Budget 2008
Tax free Approved Mileage Rates
| Statutory maximum amounts payable to employees for using their own transport for business purposes | |
| Per mile | |
| Cars and vans (regardless of cylinder capacity) | |
| - 1-10,000 miles in tax year | 40p |
| - excess over 10,000 miles | 25p |
| Motorcycles | 24p |
| Cycles | 20p |
| Passengers* | 5p |
* Paid to driver for each fellow employee passenger carried on same business trip to encourage car sharing.
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