Mileage Rate 2024 Irdaa. Irs issues standard mileage rates for 2024; 5p per passenger per business mile for carrying fellow.

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 2024 year, that is, 1 april. When your employees abroad have to travel for work purposes, they will expect to be reimbursed for expenses.