What mileage rate can I claim for business travel in my own car in 2024/25?
If you use your own car for business travel, HMRC's approved mileage rates for 2024/25 are: - Cars and vans: 45p per mile for the first 10,000 business miles per tax year, then 25p per mile above 10,000 miles - Motorcycles: 24p per mile - Bicycles: 20p per mile These rates cover all running costs of the vehicle — fuel, oil, tyres, insurance, MOT, servicing, and depreciation. You cannot claim these costs separately if you use the mileage rate method. You must keep a mileage log recording: date, start and end points, business purpose, and miles driven for each business journey. Alternatively, you can claim actual vehicle costs (including capital allowances for the vehicle itself) — useful if you have a very high-mileage business use or a low fuel-efficiency vehicle. But most sole traders find the flat mileage rate simpler and adequate.
- 45p per mile for first 10,000 business miles; 25p per mile above that (cars/vans)
- Motorcycles: 24p/mile; bicycles: 20p/mile
- Rate covers all running costs — no separate fuel or insurance claims
- Must keep a mileage log: date, journey, purpose, miles
- Cannot mix mileage rate and actual cost method within the same tax year