Stewart Associates (Shrewsbury) Ltd
Emstrey House (North), Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG.

Telephone: 01743 235236   Email: enquiry@saltd.co.uk

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3 March 2014

Approved mileage rate

While the Approved Mileage Rate of 45p for the first 10,000 miles has applied since 2011/12 the fuel only rate changes quite consistently. As the title states this is advisory and can be used for claiming business use of fuel where for example an employer provides a company car but does not provide fuel. There are other instances where this may be appropriate including reclaiming the VAT element of a mileage allowance. As the rates are advisory they do not have to be used and if your vehicle has higher petrol consumption a claim can be based on this although evidence would have to be maintained to support a higher rate. http://www.hmrc.gov.uk/cars/advisory_fuel_current.htm.

 

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