Motorcycles are 24p per mile regardless of mileage... And push bikes are 20p per mile!
When I used to have a motorbike I think that it would have been a toss up as to which of those two rates would have been applicable!
All the best,
Shaun.
-- Edited by Shamus on Saturday 5th of February 2011 09:39:41 AM
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
it's completely the same as for a car. Just consider it as compensation for wear and tear on something that is owned by the proprietor rather than the company.
Maintenance, tax, insurance etc. are all still the responsibility of the owner and the mileage allowance merely compensates for company usage.
Hope that this helps,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I have learn't something new today, I already knew about car fuel allowance, but not the cycle and motorcycle allowance!. It's good to extend my knowledge!. 2p for passengers as well!
Cars
On the first 10,000 miles in the tax year 40p per mile On each additional mile over 10,000 miles 25p per mile
Motor cycles 24p per mile
Bicycles 20p per mile
Passengers
To encourage car sharing by employees, employers will be able, if they wish, to pay, tax and NICs free, 2p per mile for each passenger carried.
