CompostCORNER Posted April 29, 2008 Share Posted April 29, 2008 Apparently, the most that can be claimed is 40p per mile for the first 10k miles per year. After that, it's down to 25p per mile...If only... I think thats based on you using your own vehicle and not one provided by the company. Link to comment Share on other sites More sharing options...
Cubit Posted April 29, 2008 Share Posted April 29, 2008 Apparently, the most that can be claimed is 40p per mile for the first 10k miles per year. After that, it's down to 25p per mile...If only... Not true. Link to comment Share on other sites More sharing options...
camerabloke Posted April 29, 2008 Share Posted April 29, 2008 is true Eucam Security Systems 0845 4630 746 www.eucam.co.uk Link to comment Share on other sites More sharing options...
Cubit Posted April 29, 2008 Share Posted April 29, 2008 is true No it is not true. You can be paid any amount in expenses for fuel. However, you will pay income tax on any amount over HMRC limits. Link to comment Share on other sites More sharing options...
whistle Posted April 29, 2008 Share Posted April 29, 2008 Not true Its 40p per mile for the 1st 10k and 20p there after this is only is claimed as an expence and is tax free. For this you have to provide a car, maintenance, tax, insurance etc etc. I know cos i provide my own car for my business, you must keep records of all work related milage. Link to comment Share on other sites More sharing options...
matt999 Posted May 4, 2008 Share Posted May 4, 2008 Not trueIts 40p per mile for the 1st 10k and 20p there after this is only is claimed as an expence and is tax free. For this you have to provide a car, maintenance, tax, insurance etc etc. I know cos i provide my own car for my business, you must keep records of all work related milage. Correct. This is for non company car users. Such as those who have opted out. Link to comment Share on other sites More sharing options...
billythebellbox Posted May 5, 2008 Share Posted May 5, 2008 got my payslip again i lost a shed load on fuel,anyone else sufferd?? is it still cheaper than taxing, insuring, fueling & maintaining your own motor? De Do Do Do, De Da Da Da. De Do Do Do, De Da Da Da Link to comment Share on other sites More sharing options...
Cubit Posted May 5, 2008 Share Posted May 5, 2008 Not trueIts 40p per mile for the 1st 10k and 20p there after this is only is claimed as an expence and is tax free. For this you have to provide a car, maintenance, tax, insurance etc etc. I know cos i provide my own car for my business, you must keep records of all work related milage. Not quite true. It's 25p per mle after the first 10k Link to comment Share on other sites More sharing options...
Cubit Posted May 5, 2008 Share Posted May 5, 2008 Regarding the fuel allowance It is often overlooked but you can claim tax relief on fuel allowance. You can get this on the difference between what you could have claied (HRMC max allowances) and what you were actually paid. This is based on your current tax levels, so if you are on higher band tax, happy days. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.