By Shelley-ann Brinkley – 13 May 2013

The Inland Revenue has advised that its 2013 review of the mileage rate has been delayed and the rate for the 2013 income year is not expected to be released until early July 2013.

Employers often use the IRD mileage rates as a reasonable estimate of motor vehicle expenditure when reimbursing employees.

Until any further announcement is made by the IRD, when calculating motor vehicle reimbursements, you should continue to use the current 2012 mileage rate of 77 cents per kilometre (applicable to both petrol and diesel fuel vehicles).

If you have any questions, please contact your Hayes Knight advisor or the tax team:

Shelley-ann Brinkley
shelley-ann.brinkley@hayesknight.co.nz

Phil Barlow
phil.barlow@hayesknight.co.nz

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