Tax Rates 2008/09 :: Tax Free Mileage Allowances

Tax Rates 2008/09

Business Fact Sheets

Tax Rates 2008/09

		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

Tax Free Mileage Allowances

		Higher Rate	Lower Rate
		2008/09 & 2007/08 unchanged
All cars		40p	25p
Motorcycles		24p	24p
Bicycles		20p	20p
Business passengers		5p	5p

Higher Rate allowed up to 10,000 business miles.

Fuel-only allowances for company cars

	Petrol	Diesel	LPG
From 1.1.2008
Up to 1400cc	11p	11p	7p
1401 - 2000cc	13p	11p	8p
Over 2000cc	19p	14p	11p

These figures may change more often than once a year.

For further information, please email us on solutions@morrispalmer.co.uk or call us on 01403 750 444.

Barttelot Court . Barttelot Road . Horsham . West Sussex . RH12 1DQ
Tel: 01403 750444. Fax: 01403 750330

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