Budget 2007
Tax Free Mileage Allowances
Higher Rate
Lower Rate
2006/07 & 2005/06 unchanged
All cars
40p
25p
Motorcycles
24p
Bicycles
20p
Business passengers
5p
Higher Rate allowed up to 10,000 business miles
Fuel-only allowances for company cars
Petrol
Diesel
LPG
Up to 1400cc
10p
9p
7p
1401 - 2000cc
12p
8p
Over 2000cc
16p
13p
Introduction Main Income Tax reliefs Income Tax Rates and bands Car Benefit Assessment Tax Free Mileage Allowances National Insurance Contributions Pension Contributions Inheritance Tax Value Added Tax Capital Gains Tax Corporation Tax Main capital allowances Stamp Duty & Stamp Duty Land Tax Earliest due dates for payment of tax