Government Mileage Rate 2024 Calculator. The attached document is classified by hmrc as guidance and contains information about rates and allowances for travel, including mileage and fuel allowances. 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, 1 april.
To calculate this, you will need the number of miles you have driven for business. Now you can quickly calculate how much your employees can get back.