Rates Update July 2019: Motor vehicle running costs have increased: this is reflected in the change in reimbursement costs for the 2019/2020 year. Please read on for details.

The suggested (maximum) reimbursement rates are as follows (previous year’s rates in brackets): 

• Up to 14,000 km annual running for all purposes - reimburse work running at 78 cents (77 cents). 

• Up to 20,000 km annual running for all purposes - reimburse at 64 cents (62 cents).

 • Up to 26,000 km annual running for all purposes - reimburse at 57 cents (54 cents).

• For mileage beyond chosen band range - reimburse at 33.1 cents (28.4 cents). 

Alternatively, the flat rate of 46 cents (42 cents in 2018) per km can be paid for unlimited running (i.e. without the need to record annual mileage and be concerned about exceeding a chosen band). This is based on the above rates and annual mileage of 75,000kms to cover all eventualities. 

Dominique Aitcheson