8
Budget 2020
Minimum Wage
Increases in the National Minimum Wage and National Living Wage rates now occur in April each year.
Age
NLW
21 - 24
18 - 20
16 and 17
Apprentices
From 1 April 2019
£8.21
£7.70
£6.15
£4.35
£3.90
From 1 April 2020
£8.72
£8.20
£6.45
£4.55
£4.15
Apprentice rates apply to those under 19, or 19 or over and in the first year of their apprenticeship. National Living Wage applies to those aged 25 and over.
Tax and Travel Mileage rates
Car benefits
Cars registered pre 6.4.20
Cars registered after 5.4.20
2020/21
Changes to the HMRC business mileage rates are announced from time to time. The fuel only advisory rates below relate to company cars only and apply from 1 March 2020.
% of list price taxed
% of list price taxed
CO
emissions (g/km)
2
0
0
0
Car – fuel only advisory rates Engine capacity
1-50 Electric range >130
Petrol
Diesel
LPG
2
0
1400cc or less
12p
9p
8p
70-129
5
3
40-69
8
6
1401cc to 1600cc
14p
9p
10p
30-39
12
10
1601cc to 2000cc
14p
11p
10p
<30
14
12
Over 2000cc
20p
13p
14p
51-54
15
13
For those using their own vehicle the following mileage allowance payments apply.
For every extra 5
+1
+1
160 and above
37
n/a
First 10,000 miles
170 and above 37 For fully diesel cars generally add a 4% supplement (unless the car is registered on or after 1 September 2017 and meets the Euro 6d emissions standard) but the maximum is still 37%. For emissions over 75g/km if the CO 2 figure does not end in a 5 or a 0 round down to the nearest 5 or 0. n/a
Vehicle
Thereafter
Car/van
45p
25p
Motorcycle
24p
24p
Bicycle
20p
20p
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