Definitions for "Mileage allowance"
A fixed rate per mile allowed for operating a privately-owned vehicle when such use is authorized or approved as advantageous to the Government.
When leasing a vehicle, lease payments will be quoted on the number of miles allowed to be driven. (The primary factor influencing a lease payment is the expected Residual Value at the end of the term.) Customers can elect to purchase mileage up front if they expect to drive more average annual miles than the standard lease allows which adjusts the residual value downward and in turn raises the monthly payment. Generally the leasing company will require customers to pay a per mile penalty at the end of the lease term if the customer's actual driven miles exceeds this mileage allowance.
Stated in contract as the number of miles the vehicle may be driven over the duration of the contract term. Mileage in excess of this amount will be subject to a per-mile charge.
An allowance, based on distance, made by carriers to owners of private cars for the use of their equipment.
An allowance, based upon distance, that railroads give to shippers using private railcars.
Employers can set whatever level they like. The tax free element is usually set annually . Employees can claim up to 40p taxfree for the first 10,000 business miles and 25p thereafter. Should these levels be higher than actually paid by the employer, the
An allowance paid to you by your employer for travelling. It is based on the number of business miles you travel and is paid at a rate fixed by your employer.