Freeze on tax-free mileage means drivers will soon have to pay to work

A decade-long freeze on the tax-free mileage allowance means drivers now risk being forced to pay to work, as the Treasury faces calls to raise the rate from 45p.

by | 26 Jun, 2022

Employees who use their own vehicle for work can claim back 45p a mile tax-free from their company for the first 10,000 miles they drive in a year, after which the rate falls to 25p a mile.

However, with fuel costs rising and maintenance costs increasing, the Treasury is facing calls to raise the allowance which has not changed since 2010.

Read more at Yahoo Finance

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