55p a Mile: Why UK’s Mileage Rate Needs an Update in 2024
The UK government’s decision to maintain the 55p per mile mileage rate has sparked fresh debate among drivers, employers, and policymakers. This rate, set by HMRC, serves as the benchmark for tax-free reimbursement when employees use their personal vehicles for work. It’s a figure that hasn’t changed since 2011, despite rising fuel costs and inflation….
