NEWS & UPDATES

Big Announcement: HMRC Increases Mileage Rates to 55p and is backdating the change to April 2026 - Massive Tax Savings Await Employees, Directors, and Business Owners

The UK tax authority HMRC has recently announced a significant increase in the approved mileage allowance rates. The rate for business travel in personal vehicles has jumped from 45p per mile to 55p per mile for the 2026/27 tax year onwards. This change brings substantial tax savings for employees, directors, and business owners who use their own vehicles for work-related journeys. Understanding this update can help you maximize your tax relief and reduce your overall costs.

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3 days ago3 min read