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Travel — mileage and fuel rates and allowances

Approved mileage rates from tax year 2011 to 2012 to present date

From tax year 2011 to 2012 onwards First 10,000 business miles in the tax year Each business mile over 10,000 in the tax year
Cars and vans 45p 25p
Motor cycles 24p 24p
Bicycles 20p 20p

Passenger payments — cars and vans

5p per passenger per business mile for carrying fellow employees in a car or van on journeys which are also work journeys for them. Only payments specifically for carrying passengers count and there is no relief if you receive less than 5p or nothing at all.

Company cars

The charge is based on the price of the car for tax purposes (normally the list price) and accessories multiplied by an appropriate percentage based on the level of CO2 emissions and the fuel the car uses. There is a ready-reckoner of appropriate percentages for petrol-powered cars and summaries of adjustments to those percentages for the 4 tax years from 2002 to 2006 and for tax years from 2006 to 2007 onwards.

Company vans

The charges are:

Tax year Amount
2024 to 2025 £3,960
2023 to 2024 £3,960
2022 to 2023 £3,600
2021 to 2022 £3,500
2020 to 2021 £3,490
2019 to 2020 £3,430
2018 to 2019 £3,350
2017 to 2018 £3,230
2016 to 2017 £3,170
2015 to 2016 £3,150

Fuel charges — company cars and vans

Cars — to calculate the benefit charge on free or subsidised fuel for private use, the appropriate percentage used in calculating car benefit is applied to a set figure known as the car fuel benefit multiplier.

Car fuel benefit multiplier

Tax year Amount
2024 to 2025 £27,800
2023 to 2024 £27,800
2022 to 2023 £25,300
2021 to 2022 £24,600
2020 to 2021 £24,500
2019 to 2020 £24,100
2018 to 2019 £23,400
2017 to 2018 £22,600
2016 to 2017 £22,200
2015 to 2016 £22,100

The van fuel rates are:

Tax year Amount
2024 to 2025 £757
2023 to 2024 £757
2022 to 2023 £688
2021 to 2022 £669
2020 to 2021 £666
2019 to 2020 £655
2018 to 2019 £633
2017 to 2018 £610
2016 to 2017 £598
2015 to 2016 £594

Advisory fuel rates — company cars

See the rates for this year and earlier years plus an explanation of how the rates can be used.

Company car and car fuel calculator — company cars

You can calculate car and car fuel benefits by using our interactive calculator.

 

Source: HM Revenue & Customs

 

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