Mileage rates

Changes to the HMRC business mileage rates are announced from time to time. The fuel only advisory rates below relate to company cars only and apply from 1 March 2020.  

Engine Capacity Petrol Diesel LPG
1400cc or less 12p 9p 8p
1401 - 1600cc 14p 9p 10p
1601 - 2000cc 14p 11p 10p
Over 2000cc 20p 13p 14p

For those using their own vehicle the following mileage allowance payments apply.

Vehicle First 10,000 miles Thereafter
Car / Van 45p 25p
Motorcycle 24p 24p
Bicycle 20p 20p

Car benefits 2020/21

CO2 emissions (g/km) Cars registered pre 6.4.20 Cars registered after 5.4.20
% of list price taxed % of list price taxed
0 0 0
1 - 50 electric range    
>130 2 0
70-129 5 3
40-69 8 6
30-39 12 10
<30 14 12
51-54 15 13
For every extra 5 +1 +1
160 and above 37 n/a
170 and above n/a 37

For fully diesel cars generally add a 4% supplement (unless the car is registered on or after 1 September 2017 and meets the Euro 6d emissions standard) but the maximum is still 37%. For emissions over 75g/km if the CO2 figure does not end in a 5 or a 0 round down to the nearest 5 or 0.

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Company details

01243 776938

James Todd & Co, 1&2 The Barn, Oldwick, West Stoke Road, Chichester PO18 9AA
James Todd & Co, 16 Northgate, Chichester, West Sussex PO19 1BJ
Copyright

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James Todd & Co is the trading name of James Todd & Co Limited. Chartered Accountants and Registered Auditors. Registered No: 07350649 in England. VAT No. 322087875. ICAEW Firm Reference No: C002730145 and James Todd & Co (Lewes) Ltd (formerly known as Axtons). Chartered Accountants. Registered No: 11214467 in England. VAT No. 290460506. ICAEW Firm Reference No: C005791297

Registered to carry out audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details of our audit registration can be viewed at www.auditregister.org.uk

Details of our Designated Professional Body (DPB) activities can be viewed at register.fca.org.uk. A member of the ICAEW Practice Assurance Scheme.