8
Budget 2021
Minimum Wage
Increases in the National Minimum Wage and National Living Wage rates occur in April each year.
Age
NLW
21 - 22
18 - 20
16 and 17
Apprentices
From 1 April 2021
£8.91
£8.36
£6.56
£4.62
£4.30
Apprentice rates apply to those under 19, or 19 or over and in the first year of their apprenticeship.
Tax and Travel Mileage rates
Car benefits
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 2021.
Cars registered after 5.4.20 % of list price taxed
Cars registered pre 6.4.20 % of list price taxed
2021/22
CO 2 emissions (g/km)
Car – fuel only advisory rates Engine capacity
Petrol
Diesel
LPG
0
1
1
1-50 Electric range 130 or more
1400cc or less
10p
9p
7p
1401cc to 1600cc
12p
9p
8p
2
1
70-129
5
4
1601cc to 2000cc
12p
11p
8p
40-69
8
7
Over 2000cc
18p
12p
12p
30-39
12
11
Under 30
14
13
For those using their own vehicle the following mileage allowance payments apply.
51-54
15
14
For every extra 5
+1
+1
160 and above
37
n/a
First 10,000 miles
Vehicle
Thereafter
165 and above
n/a
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.
Car/van
45p
25p
Motorcycle
24p
24p
Bicycle
20p
20p
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