02/06/2026
๐ Did you know that HMRC has increased the approved mileage allowance for business travel for the first time in 15 years?
The rate for cars and vans has risen from 45p to 55p per mile for the first 10,000 business miles.
For company directors, employees and self-employed individuals who regularly use their own vehicles for work, this represents a meaningful increase in tax-efficient reimbursements.
๐๐ป What are the new rates, and what does the increase mean in practice?
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