dlayen 0 Posted July 16, 2004 Share Posted July 16, 2004 i need to talk to work about business miles and the amount they pay. what do you get per mile for business mile's? Thanks Quote Link to post Share on other sites
Fidgits 1 Posted July 16, 2004 Share Posted July 16, 2004 15p a mile. Quote Link to post Share on other sites
dlayen 0 Posted July 16, 2004 Author Share Posted July 16, 2004 15p a mile and you own the car? does that even cover petrol cost? Quote Link to post Share on other sites
JOHNNY-BOY 1 Posted July 16, 2004 Share Posted July 16, 2004 My company pay 45p per mile when using owning vehicle, if you have opted out of the company car scheme you get 15p per mile for business use. Quote Link to post Share on other sites
Fidgits 1 Posted July 16, 2004 Share Posted July 16, 2004 15p a mile and you own the car? does that even cover petrol cost? yeah, sorry perhaps i should explain a bit further. Rather than having a company car, i get a car allowance, so basically i use my own car for work.. That is a monthly payment. On top of that, i get 15p per mile to cover fuel costs.. and yes, it does just cover the cost of fuel. Quote Link to post Share on other sites
RYX 0 Posted July 16, 2004 Share Posted July 16, 2004 I get the "allowance" so use my own car and get 0.12p / mile, think this is also supposed to cover oil Quote Link to post Share on other sites
Claire G 0 Posted July 16, 2004 Share Posted July 16, 2004 My last company I used to get 40p per mile. This was my own car and I didn't get an (official) car allowance. Quote Link to post Share on other sites
ColinBarber 1,924 Posted July 16, 2004 Share Posted July 16, 2004 With an allowance: 10ppm up to 1400cc 12ppm 1400cc to 2000cc 14ppm over 2000cc 9ppm up to 2000cc oil burner 12ppm over 2000cc oil burner without allowance 40ppm up to 10,000 miles 25ppm over 10,000 miles 24ppm motorbike 20ppm push bike Quote Link to post Share on other sites
Edward Nigma 0 Posted July 16, 2004 Share Posted July 16, 2004 40p for each business mile. However now that I pay for my own petrol its the first time in years that I have actually looked at the price I pay per litre. Quote Link to post Share on other sites
ekky 0 Posted July 16, 2004 Share Posted July 16, 2004 20p per mile and monthly allowance but someone mentioned you might be able to claim the difference between the mileage allowance and 40p per mile back against tax for the first 10k miles in a year. don't know if its true Quote Link to post Share on other sites
AMH 0 Posted July 16, 2004 Share Posted July 16, 2004 We get 45p / mile for own car 2 litres and over. (Not allowed to use motor bikes ) Quote Link to post Share on other sites
DaveEllen 0 Posted July 16, 2004 Share Posted July 16, 2004 If you do not work at a fixed place (consultant type) you can claim the difference between your mileage allowance and the base rate of tax you pay. I've done this since 2001 and it paid for my s/c, induction kit to cream cracked to go into the detail now. PM me and I'll talk you through it Dave Quote Link to post Share on other sites
ColinBarber 1,924 Posted July 16, 2004 Share Posted July 16, 2004 20p per mile and monthly allowancebut someone mentioned you might be able to claim the difference between the mileage allowance and 40p per mile back against tax for the first 10k miles in a year. don't know if its true it is true - you don't get the difference back you get the tax on the difference back. Basically you are allowed, by the government, to claim 40ppm without being taxed. If you are only getting 20ppm back in expenses then you can claim the other 20ppm. Depending on your tax bracket you would receive 22% or 40% of the 20ppm. If you get a monthly allowance it doesn't make any difference because you will be getting taxed on that in your wages. Quote Link to post Share on other sites
ekky 0 Posted July 17, 2004 Share Posted July 17, 2004 Time to see the tax man then!!!! Quote Link to post Share on other sites
dog ruff 0 Posted July 17, 2004 Share Posted July 17, 2004 60p per mile Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.