07/09/2026
UK Company Directors: You might be leaving up to £1,000 of tax-free cash on the table! 🚗💰
HMRC has officially raised the approved business mileage rate from 45p to 55p per mile for the first 10,000 business miles—marking the first rate increase in 15 years.
If you use your personal vehicle for business travel, here is what this means for your pocket:
More Tax-Free Cash: Claiming the higher rate covers fuel and running costs while putting up to an extra £1,000 back into your account tax-free.
Backdated Benefit: This change is backdated to April 2026, meaning you can adjust claims for trips you've already completed this tax year.
100% Legal Deduction: It lowers your company's taxable profit while reimbursing you tax-free as a director.
Don't leave your money sitting with HMRC. Speak to your accountant or message our team to get your mileage claims updated today!
Are you currently logging your business miles? Drop a comment below! 👇