Change in AMAP Rates for 2011/12
Employees using their own cars for business mileage can claim reimbursement from their employers through the AMAP rates. If reimbursement is within the prescribed limits it is not regarded as a taxable benefit. The limits are currently 40p per mile for the first 10,000 miles of business use and 25p per mile thereafter. Where individuals are paid less than the prescribed amounts by their employer, they can claim mileage allowance relief (MAR) for the residual amount.
There is to be an increase of the first 10,000 miles rate from 40p to 45p per mile with effect from 6 April 2011. This new rate will also apply to MAR.
Download instructions on how to set up the new rates in EnvoyCentral by clicking the following link:
Employees using their own cars for business mileage usually claim reimbursement from their employer, a number of whom are reimbursed using the AMAP rates. Reimbursements below or equal to the AMAP rate per mile are not regarded as a taxable benefit. Individuals that are paid less than these amounts by their employer can claim mileage allowance relief (MAR) for the unpaid amount.
The limits are currently 40p per mile for the first 10,000 miles of business use and 25p thereafter. With effect from 6th April 2011, there is to be an increase of in the first 10,000 miles rate, from 40p to 45p per mile. The lower rate (over 10,000 business miles) will remain at 25p.
Click here to download instructions on how to set up the new rates in EnvoyCentral.