I am a carer and so do quite a lot of miles on my car. I get a mileage allowance of 45p/mi (standard amount iirc). Worst case scenario, the car costs me around 40p a mile, and in actual use it costs me half of that (high mileage, low running cost, cheap car!
) so technically I profit from the mileage allowance. Which is why I wonder, is this taxable? I've looked at this after tax website (https://www.after-tax.co.uk/) and worked out what tax I would pay on this per year, and it's not an insignificant amount. Should I be worrying or do I not need to do anything?My apologies if this has been asked before, but I'm a little confused and couldn't find much for my own situation. Thanks in advance!
