27/05/2026
HMRC mileage rates are finally increasing - for the first time in 15 years!
From April 2026, the approved mileage allowance for cars and vans has increased from 45p to 55p per mile for the first 10,000 business miles.
With rising fuel, insurance, and maintenance costs, this update is long overdue and will make a real difference for employees and business owners claiming mileage.
Key changes:
- 55p per mile for first 10,000 miles
- 25p per mile thereafter
- Effective from 6 April 2026
For businesses, now is a good time to review;
- Employee reimbursement policies
- Expense systems
- Budget forecasts for travel costs
A welcome move from HM Revenue & Customs that better reflects the real cost of business travel.
Read more here 👇
https://www.icaew.com/insights/tax-news/2026/may-2026/approved-mileage-rate-increased-for-first-time-in-15-years #
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