This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Fuel mileage allowance

madeforever
Posts:8
Joined:Wed Aug 06, 2008 4:08 pm

Postby madeforever » Tue May 06, 2008 5:56 am

Dear Taxation web.
My husband gets 40p per mile for company mileage, he thinks the tax man will allow him another 10p per mile and has to be claimed through his tax return. Is this correct?

Regards

robbob
Posts:3067
Joined:Wed Aug 06, 2008 4:01 pm

Postby robbob » Tue May 06, 2008 6:09 am

Hi Mad

No he is wrong - 40p is full amount reimburseable.

Note 40p is for first 10,000 miles pa only

madeforever
Posts:8
Joined:Wed Aug 06, 2008 4:08 pm

Postby madeforever » Wed May 07, 2008 1:29 am

Thank you for your reply, if his company gave him less than 40p per mile would the tax man then make up the difference?

Regards

Mad

robbob
Posts:3067
Joined:Wed Aug 06, 2008 4:01 pm

Postby robbob » Wed May 07, 2008 6:19 am

Hi again

If he got paid less than 40p then he could claim for tax relief on the difference.

eg if paid at 30p a mile for 1000 miles

He clould claim tax relief on 1000 * 10 p = £100. This would result in tax refund of £20 or £40 depending on tax rate - 20% or 40%.

This is not nearly as good as getting paid the money in the first place.

cheapread
Posts:2
Joined:Wed Aug 06, 2008 4:08 pm

Postby cheapread » Wed May 07, 2008 2:08 pm

Isn't this QUITE PATHETIC....40p per mile since I started business in 2003 - as if car expenses, repairs and petrol havent gone up since then -
I can't wait to help chuck out Brown and his little Darling at the first available opportunity, their indifference to escalating costs coming from all and every quarter is only matched by their arrogance towards the electorate - Bring on the revolution.....

al_eebee
Posts:899
Joined:Wed Aug 06, 2008 3:40 pm

Postby al_eebee » Thu May 08, 2008 5:39 am

If you are self employed cheapread, then claim the actual proportionate mileage costs rather than 40ppm.

Note employees cannot claim actual costs, only the 40p/25ppm

Johnyb
Posts:1
Joined:Wed Aug 06, 2008 4:08 pm

Postby Johnyb » Sat May 10, 2008 12:54 am

My question is that I am about to start travelling 60 miles a day round trip to work, can i claim mileage for this? or is it only if travelling outside of work?


Return to “General”