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| Mileage Allowances |
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Approved mileage rates
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2002-2003
First 10,000 business miles in the tax year |
Each mile over 10,000 miles in the tax year |
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Cars and vans
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40p |
25p |
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Motor cycles
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24p |
24p |
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Bicycles
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20p |
20p |
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Fuel scale charges
Company car fuel
To calculate the benefit charge on free fuel the percentage figure
will be multiplied against a set figure for the year. From 2003-04
the set figure is £14,400 Example
If car benefit percentage is 23%, the fuel benefit would be £14,400 x
23% = £3,312
Company car tax
The CO2 emissions qualifying for the minimum petrol percentage (15%) charge
are:
2004-05 145 grams per kilometre of CO2
2005-06 140 grams per kilometre of CO2
2006-07 140 grams per kilometre of CO2
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