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Thread: Mileage Allowance for Cars

  1. #1
    Regular Member keefy*2010's Avatar
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    Vehicle : Vectra C Facelift

    Trim : Elite

    Engine : 1.9Cdti 150

    Year : 2007

    Default Mileage Allowance for Cars

    If you look at the thread about Diesel and Petrol Prices and see that in
    April 2011 Diesel is going to cost a minimum of £6:26 per gallon which at average of 40mpg works out at 15:65p per mile.
    Have not heard anything about the
    W*****s H M Tax Inspector upping the Miles Per Gallon rate of £0:40/mile that has been around since the noughties if i remember right.

    So all you members that get paid by your employer to use your car will only have
    24.35p left to pay for Depreciation, Road Tax, Insurance Tyres and servicing and if you do over 10,000 miles when you get only 25p per mile you will then only have 9.35p to pay for Depreciation, Road Tax, Insurance Tyres and servicing

    Really good deal!!!!!!!!!!!!!!!!!!!!!

  2. #2
    Regular Member markm's Avatar
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    makes me laugh, they keep putting up taxes and duty on fuel but never increase the allowance,

    there was a time where it would cost about £50 to fill up the tank, it must be closer to £80 now from empty !!

    F!!!!!! joke

  3. #3
    Regular Member rjw's Avatar
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    with my work if we use the car we get ridiculously low rates, something like 22p a mile, (it creates uproar when some of us refuse to drive now)
    however for my sports refereeing i get 40p a mile, which is good as i tend to do a lot more miles for that, getting round the south west!

  4. #4
    Regular Member keefy*2010's Avatar
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    Vehicle : Vectra C Facelift

    Trim : Elite

    Engine : 1.9Cdti 150

    Year : 2007

    Default

    Quote Originally Posted by keefy*2010 View Post
    If you look at the thread about Diesel and Petrol Prices and see that in
    April 2011 Diesel is going to cost a minimum of £6:26 per gallon which at average of 40mpg works out at 15:65p per mile.
    Have not heard anything about the
    W*****s H M Tax Inspector upping the Miles Per Gallon rate of £0:40/mile that has been around since the noughties if i remember right.

    So all you members that get paid by your employer to use your car will only have
    24.35p left to pay for Depreciation, Road Tax, Insurance Tyres and servicing and if you do over 10,000 miles when you get only 25p per mile you will then only have 9.35p to pay for Depreciation, Road Tax, Insurance Tyres and servicing

    Really good deal!!!!!!!!!!!!!!!!!!!!!
    Whoops should be 40p per mile not miles per gallon

  5. #5
    Regular Member LJ sxi-nav's Avatar
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    Quote Originally Posted by rjw View Post
    with my work if we use the car we get ridiculously low rates, something like 22p a mile, (it creates uproar when some of us refuse to drive now)
    however for my sports refereeing i get 40p a mile, which is good as i tend to do a lot more miles for that, getting round the south west!
    It's a bit of a faff, but you can claim tax relief on the difference between your employers rate and the HMRC rate of 40ppm (then 25ppm after 10000 miles). Just need to keep a log of your business miles, then put a claim form in if you are PAYE, or incorporate it into your tax return if you pay tax that way (I think).

    details here http://www.hmrc.gov.uk/incometax/relief-mileage.htm

    definitely think the 40ppm rate needs addressing though...
    Last edited by LJ sxi-nav; 1st January 2011 at 23:04.

  6. #6
    Regular Member rjw's Avatar
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    Quote Originally Posted by LJ sxi-nav View Post
    It's a bit of a faff, but you can claim tax relief on the difference between your employers rate and the HMRC rate of 40ppm (then 25ppm after 10000 miles). Just need to keep a log of your business miles, then put a claim form in if you are PAYE, or incorporate it into your tax return if you pay tax that way (I think).

    definitely think the 40ppm rate needs addressing though...

    how do you go about that then? as i know of a lot of people who are doing a lot more miles than myself at work who i get on well with who i'm sure would like to know,

  7. #7
    Regular Member m8internet's Avatar
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    Only applies if you are travelling for business purposes AND between different locations each day
    It cannot be used for commuting

    I do agree though, the rates have not changed for years, so the value of the benefit reduces every year
    Equally, it is the difference between what your employer pays you and the costs paid through the FPCS scheme
    Most employers have increased these rates, typically as mileage rates increase

    My first claim was at a rate of about 8p per mile
    Last year it was at a rate of 65p per mile; ie negative benefit and we now pay more than ther FPCS so employees need to pay tax on the benefit

  8. #8
    Regular Member LJ sxi-nav's Avatar
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    Quote Originally Posted by rjw View Post
    how do you go about that then? as i know of a lot of people who are doing a lot more miles than myself at work who i get on well with who i'm sure would like to know,
    Sorry, edited my post with a link to HMRC just as you posted!
    http://www.hmrc.gov.uk/incometax/relief-mileage.htm

  9. #9
    Regular Member rjw's Avatar
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    Quote Originally Posted by m8internet View Post
    Only applies if you are travelling for business purposes AND between different locations each day
    It cannot be used for commuting
    i need mine about once a week, to transfer paperwork etc around local offices, however some of my colleagues are doing trips daily,

  10. #10
    Regular Member m8internet's Avatar
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    You would be entitled then, as you are not commuting to/from a single place of work

    However, if you are moving company documents, then you MUST have suitable business insurance, and your employer should be paying you mileage for this
    If not, then they may not be aware you are performing this duty
    This may open a can of worms...

    I recently found an employee that was claiming for the movement of equipment
    They had not been claiming mileage, but they had been claiming FPCS
    Equally, they did not have business insurance
    They were involved in an accident in their car
    They then tried to claim against us, it back fired on them and their insurance company declined their claim as we had not authorised or paid for them to perform this duty

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