The table of rates for the 2022/2023 income year for motor vehicle expenditure claims. Use the new ird kilometre rates as a guide on how much to charge per km.
However, you may be asked to substantiate the percentage claimed. If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2023 year, being.
The Rates Are $1.04 For Petrol, Diesel, Hybrid And.
Inland revenue has advised the new mileage rate for motor vehicles is 77 cents per kilometre.
The Square Metre Rate For Home Office Calculations Has Been Set At $53.10 For The 2024 Income Year (1 April 2023 To 31 March 2024).
The tier 1 rates reflect an overall increase in vehicle running costs largely due to fuel costs.
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Use The New Ird Kilometre Rates As A Guide On How Much To Charge Per Km.
The tier 1 rates reflect an overall increase in vehicle running costs largely due to.
The Square Metre Rate For Home Office Calculations Has Been Set At $53.10 For The 2024 Income Year (1 April 2023 To 31 March 2024).
Different vehicle types are entitled to different mileage rates.