Personal Car Mileage Rate 2022. Advisory fuel rates — company cars. Approved mileage rates from tax year 2011 to 2012 to present date.
The mileage rate is a default cost per mile set by the. The advisory fuel rate for petrol cars with engines up to 1400cc is £0.14 per mile. There are different rates for the use of personal vehicles and company cars.
By way of contrast, the tier 1 rate for petrol & diesel vehicles was $0.79 in 2021 and $0.82 in 2020 (when the average cost of regular petrol was only $1.92 ).
Advisory fuel rates — company cars. The mileage allowance rate for the 2022/2023 tax year remains at the following rate: The internal revenue service (irs) 2022 business mileage standard rate is 58.5 cents, up 2.5 cents from the rate for 2021. 4 july 2019 information has been updated to include tax years 2018 to 2019 and 2019 to 2020, also removed some older details.