The mileage tax relief calculator uses the current approved mileage rates of 45p per mile for the first 10,000 business miles and 25p per mile for every business mile after that. The rate at which you pay tax can affect the amount you are owed.
The calculation multiplies your total miles by the appropriate HMRC rate. For cars and vans, the first 10,000 miles in a tax year are calculated at 45p per mile, with additional miles at 25p per mile. For example: 8,000 miles = 8,000 × 45p = £3,600. 12,000 miles = (10,000 × 45p) + (2,000 × 25p) = £4,500 + £500 = £5,000
The current car mileage allowances are 45p per mile for the first 10,000 business miles and 25p per mile from that 10,000 mile mark. The mileage rates were different before the 2010-2011 tax years. If your employer pays you a car mileage allowance which is taxed, you do not need to make an adjustment to the business mileage incurred.
To calculate the ‘approved amount’, multiply your employee’s business travel miles for the year by the rate per mile for their vehicle. ... (10,000 x 45p plus 2,000 x 25p). ...
Use the following mileage calculator to determine the travel distance, in terms of miles, and time taken by car to travel between two locations in the United States, disregarding traffic conditions. From: To: Related Gas Mileage Calculator | Fuel Cost Calculator. Search: Other Calculators.
Use our free 2024/25 mileage reimbursement calculator to claim back your business mile expenses. Calculate for cars and vans, or motorcycle or bicycle rates. ... 45p: 25p: Motorcycles: 24p: 24p: Bicycles: 20p: 20p As seen above, for business travel in cars and vans, the rates for the first 10,000 miles are set at 45 pence per mile, while ...
Use our Mileage Allowance Relief Calculator, which gives you the maximum tax deduction on the HMRC rate. × Book a free 15 minute discovery call. Excellent. ... 45p per mile. 25p per mile. Motorcycles. 24p per mile. 24p per mile. Bicycles. 20p per mile. 20p per mile. The above rates are also applicable in the case of an electric vehicle.
Now you can quickly calculate how much your employees can get back with our easy-to-use mileage reimbursement calculator. Calculate for free. ... 45p. 24p. 20p. Above 10,000 miles: 25p. 24p. 20p. Tap into our expert knowledge. Stay up to date with the ultimate mileage reimbursement guides.
UK mileage rates can differ, however, HMRC advisory fuel rates state that in most circumstances you can claim business mileage at a rate of 45p per mile for the first 10,000 business miles in a year and then 25p per mile thereafter. ... Gone are the days of fretting over a calculator surrounded by scraps of paper at the eleventh hour.
If you haven't received any allowance payments from your employer, use our calculator to work out your mileage allowance relief. Input your business mileage below. ... You can claim 45p per mile for the first 10,000 miles and 25p per mile after that for cars. For motorcycles, you can claim 24p per mile, and 20p per mile for cycles. ...
Mileage tax relief 2025 HMRC mileage claim rates. HMRC sets Approved Mileage Allowance Payment (AMAP) rates for travel to temporary workplaces (where you work for under 24 months on the trot). The actual amount you can claim depends on your vehicle and how far you've travelled. Cars & vans, first 10,000 miles: 45p per mile Cars & vans, after 10,000 miles: 25p per mile
The mileage calculator app helps you find the driving distance between cities and figure out your reimbursement using the latest IRS standard mileage rate of 70¢ as of January 1, 2025. You can also use this tool to calculate the number of frequent flyer miles you will earn for an upcoming flight, or check the distance from where you are now to ...
Work Mileage Allowance Calculator Mileage Rebate Calculator Work Mileage Rebate is for using your own private transport (car, motorcycle, bike) for you work duties and your employer has not reimbursed you with the full allowable mileage rate eg 45p per mile for a car.
To calculate the "approved amount", multiply business travel miles for given year by the rate per mile for their vehicle. The per-mile rate depends on vehicle's type. Also, this rate is decreased after 10,000 miles distance reached within single tax year for cars and vans. Current (from 2016/2017 to 2019/2020 tax years) Mileage Allowance ...
The current rates are set at 45p per mile for cars and vans for the first 10,000 miles in the financial year, and 25p per mile after that. ... also regardless of distance. So for example, if an employee travels 13,749 miles in a tax year, you would calculate the mileage allowance by multiplying 45 pence per mile by 10,000, and then 25 pence per ...
You can find out more about mileage claims on our accounting glossary. Example: how to calculate mileage expenses. Over the course of the 2025/26 tax year, a freelance courier has driven 16,000 business miles. They can claim the first 10,000 miles as a business expense at a rate of 45p per mile: 10,000 miles x 45p = £4,500