Mileage rate update

In an address on Thursday, Rachel Reeves has announced that the mileage rate for business trips while using a personal car has been increased from the current 45p per mile to 55p per mile. As previously, this is for the first 10,000 business miles in the tax year after which mileage is paid 25p per mile (the same rate as before). There is no change to the motorcycle rate.

This change is being backdated to 6 April 2026 so please ensure you are making any necessary amendments to already recorded mileage from the beginning of April.