Tag: mileage rate
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Mileage Rate Increase: What the Shift from 45p to 55p Means for employees and employers.
The government has increased the approved mileage rate from 45p to 55p per mile for the first time since 2011, reflecting rising motoring costs. This change will benefit those claiming mileage expenses, allowing for higher claims and potential additional support from employers. Accurate record-keeping remains essential for maximising claims.