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With the new changes for this tax year, my employer is looking to use the AA rates for reimbursing employees for using their private vehicles for work use.
The Running Cost reports are compiled for the first 5years of a cars life, is there a standard calculation that can be applied for older cars?
If the annual distance travelled is 50,000km shoudl the 30,000km rate still apply or does a new rate need to be extrapolated?

Hi there,
For scenarios outside the scope of our calculations, the IRD rate is the next best rate to use @ 76c/km. Naturally the more km travelled in a year the amount per km goes down. In the end any figure charged is basically a result of an agreed discussion so both get the best result.