boltonacc.co.uk

HMRC Mileage Rate Increase: What Employees and Sole Traders Need to Know

HMRC increased the mileage rate to 55p per mile from 6 April 2026, backdated meaning many people are owed top‑up payments.

After 15 years of unchanged mileage rates, HMRC has finally responded to rising fuel costs.

What changed?

  • Mileage rate for cars/vans increased from 45p to 55p per mile.
  • Applies to the first 10,000 miles per tax year.
  • Backdated to 6 April 2026.
  • Beyond 10,000 miles, the rate remains 25p.

Who benefits?

  • Employees using personal vehicles for business
  • Sole traders
  • Contractors

Backdated payments

If you were reimbursed at the old rate, you are entitled to the difference. Employers may:

  • Make a top‑up payment
  • Or individuals can claim Mileage Allowance Relief

Final thought

This change provides welcome relief but only if you claim correctly.

Leave a Reply

Your email address will not be published. Required fields are marked *