IRD mileage rate for bikes?

[Azi Dahaka]

does anyone know this rate for cars it is 70c per km but i dont know what it is for motorbikes

[Mully]

Not sure there is one:

Mileage rate for employee reimbursement
If you're an employer you can use our mileage rate to calculate an employee's reimbursement when they use their private vehicle for work purposes.

Standard mileage rate for motor vehicles
The mileage rate for motor vehicles is 70 cents per kilometre. This rate applies from 1 April 2008.

The 5,000 km limit for self-employed people does not apply to employers using the mileage rate to reimburse employees. Although employers may use the mileage rate to reimburse employees that reimbursement must be a reasonable estimate of the expenditure likely to be incurred by the employee.

The reimbursement is exempt from income tax "to the extent to which it reimburses the employee for expenditure for which the employee would be allowed a deduction if the employment limitation did not exist". Employers who reimburse employees for business travel in excess of 5,000 km will need to consider whether the mileage rate is still a reasonable estimate of the employee's expenditure.

The rate applies irrespective of engine size or whether your vehicle is powered by a petrol or diesel engine. The mileage rate does not apply to motor cycles.

For information on mileage rates before 1 April 2008 read our Tax Information Bulletin Vol 7, No. 8 (February 1996).

Reimbursing employees for motor vehicle expenses
To reimburse staff, including shareholder-employees using their own vehicle for work, you can either use:

our mileage rate, or
rates published by a reputable independent New Zealand source representing a reasonable estimate (for example New Zealand Automobile Association mileage rates), or
actual costs.
Actual expenditure
You can reimburse an employee's actual expenditure instead of using the mileage rates. For this method both the employer and employee must keep accurate records, including details of private and work-related expenditure, to justify the reimbursements.

Or, you can make a reasonable estimate of the amount of expenditure likely to be incurred by your employee or group of employees

http://www.ird.govt.nz/resources/c/a...leage-rate.pdf

[Azi Dahaka]

yea i had read all that all i see is does not apply is it down to the individual compinies to set these rates

[wkingham]

When the Mileage rate was increased for motor vehicles last year no new rate was released for motorcycles. The rates that apply for motorcycles therefore are as below:


Motor cycles annual work related kms 1 to 3,000 km 31 cents per km (previously 28 cents) 3,001 km 10 cents for each km over 3,000
and over (running costs - same as previously) Motor cycles 14.5 cents per km (previously 14 cents)
- flat rate