HMRC approved car mileage rates

The HMRC approved mileage rates for company cars have been increased from 1 July 2006.

HMRC state that these mileage rates are for business journeys in company cars and are intended to reflect actual average fuel costs at the time they are set.

The rates only apply where employers either reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel.