Personal Car Mileage Rate 2021. The hmrc mileage rate for 2021/2022 year. Aug 9, 2021 03:07 pm.
61¢ per kilometre for the first 5,000 kilometres driven. Approved mileage rates from tax year 2011 to 2012 to present date. Inland revenue has just released its vehicle kilometre rates for the 2021 income year, and it’s not good news, particularly for employers who will need to quickly update mileage reimbursement.
The irs has announced the 2021 standard mileage rates for business, medical, and other uses of an automobile, and the 2021 vehicle values that limit the application of certain.
The standard mileage rate for business is based on an annual study of the. 45 pence per mile for cars and goods vehicles on the first 10,000 miles travelled (25 pence over 10,000 miles) 24 pence. The tier one rates reflect an overall increase in vehicle running. Let’s say your employee drove 1,500 kilometers, and the cra mileage rate 2022 is 61¢ for the first 5,000 kilometers driven.