The following rates can used for fixed rate mileage:

Car or van               First 10,000 business miles 45p

Additional business miles 25p (remains 45p for national insurance purposes only)

Motorcycles 24p

Bicycles 20p

Passenger payments 5p

(all per mile)

Note that these rates cover fuel, insurance, services, repairs, MOT, road tax, and car depreciation.

The only car related costs that can be claimed in addition to the fixed car mileage are tolls and parking.

As with all of our tax tips and web pages this information is necessarily summarised and of a general nature.  If you would like detailed specific advice please contact us.