2024 Mileage Reimbursement Rate

2024 Mileage Reimbursement Rate. From 1 september 2024, the advisory electric rate for fully electric cars will be 7 pence per mile. The 2024 medical or moving rate is 21 cents per mile, down from 22 cents per mile last.

If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2024 year, that is,. The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their.