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dlayen

Business Miles

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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

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15p a mile and you own the car? does that even cover petrol cost?

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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.

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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.

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I get the "allowance" so use my own car and get 0.12p / mile, think this is also supposed to cover oil :blink:

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My last company I used to get 40p per mile. This was my own car and I didn't get an (official) car allowance.

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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

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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.

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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

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We get 45p / mile for own car 2 litres and over.

(Not allowed to use motor bikes :unsure: )

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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 :whistling:

to cream cracked to go into the detail now.

PM me and I'll talk you through it

Dave

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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

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.

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Time to see the tax man then!!!!

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