If youre self-employed you can use the Inland Revenue mileage rate to calculate the cost of using your private motor vehicle for business purposes, Inland Revenue reviews this rate annually. The commissioner has reviewed the rate for the 2017 income year and increased this from 72 to 73 cents per kilometre for both petrol and diesel vehicles.
For the first time the commissioner has introduced separate rates for Hybrid and Electric vehicles of 73 cents and 81 cents per kilometre respectively.
If you have any questions regarding reimbursing for business use of a private vehicle give us a call.
Our team have a diverse range of skills and experience which we utilise to ensure that you are always fully supported to make informed decisions and enable your business to head along a path of success.
We aim to develop close relationships so we understand each client's business and the direction they want to head. Our support is tailored to the specific requirements of the client to ensure goals are reached.
