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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 5027
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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What are the statutory mileage allowances for a Contractor

Resolved Question:

What are the statutory mileage allowances for a Contractor with their own vehicle?
Submitted: 3 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 3 years ago.
Hello and welcome to the site. Thank you for your question.

The mileage rates for use of own vehicle for tax year 2013-14 and 2014-15 are
45p for the first 10,000 business miles in a tax year , then 25p for each subsequent mile.

Confirmation of this can be found here

https://www.gov.uk/rates-and-thresholds-for-employers-2014-to-2015#more-like-this


I hope this is helpful and answers your question.

Customer: replied 3 years ago.

Hi,

Thank you for your reply.

Are those guidelines and that I can provide for a lesser amount, contract providing, or must I use those figures?

Expert:  taxadvisor.uk replied 3 years ago.
John, thank you for your reply.

These are maximum amounts allowable as tax free.
If you were to use a figure higher than this then the access mileage allowance becomes taxable.

You can provide for a lesser amount if you wish.

I hope this is helpful.
taxadvisor.uk and other Tax Specialists are ready to help you
Expert:  taxadvisor.uk replied 3 years ago.
I thank you for accepting my answer.

Best wishes.