The exemption outlined at ¶432-100 applies only to ‘approved’ mileage allowance payments. Mileage allowance payments are approved only if, or to the extent that, the total of all the mileage allowance payments made to the employee for the kind of vehicle in question does not exceed the approved amount of mileage allowance payments applying to the vehicle in question (ITEPA 2003, s. 229(3)). See ¶432-110 for definitions of ‘mileage allowance payments’ and other key terms

The approved amount for mileage allowance payments is determined by the formula:

M × R


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