Rowley's Chartered Accountants Leicester
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Jan 26, 2011
VAT on mileage claims
To reflect the recent increase in VAT from 4th January 2011, the new amounts of VAT that can be reclaimed on business mileage are as follows:
|
Engine size |
Petrol |
Diesel |
LPG |
|
1400cc or less |
£0.0216 |
£0.02 |
£0.015 |
|
1401cc to 2000cc |
£0.025 |
£0.02 |
£0.016 |
|
Over 2000cc |
£0.035 |
£0.025 |
£0.025 |
The advisory rates are not binding where an employer can demonstrate that the cost of business travel in employer provided cars is higher than the guideline mileage rates. The higher cost would need to be agreed with HMRC under a dispensation.
If you have any questions, please contact us.
Further information: Historical Rates