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I need to come and work for you then:D |
You can claim the difference (ie 40-13p) from your tax return each year. Goto the Inland Revenue to find out how to get a tax rebate on this. There's calculations and a table for petrol rates etc. All you need to do is list all the journeys, the distance, the rate you got paid and the difference (on a spreadsheet). I do this every year. In fact I think you can back date it upto 6 years past so if you've got all the records you can claim the difference back. |
How does that work on a company owned vehicle?? |
Here I am Chi Although no tax expert I do happen to know that the Inland Revenue changed the fuel rates on 1st July, in response to rising fuel costs. They are now :- up to 1400cc petrol 10p, diesel 9p 1401 to 2000 petrol 12p, diesel 9p over 2000cc petrol 16p, diesel 13p So you may have a case, Dave, depending on your motor. The Revenue have also said they'll review the rates again if fuel rises by 10% (from whatever it was the last time they looked at it). |
Sorry, just checked - that's for your own vechile for company use. Sorry. Why doesn't your company give you a petrol card? |
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Don't want to get taxed on that either:sniff: |
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2000cc diesel 4x4!!!!!! |
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sorry, now looks likely that I'll be looking for a job when I come back from hols:( But am trying to be optimistic:) |
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:( |
Dave, if you're charging 13p a mile, the Revenue advises only 9p a mile (this is based on an assumed 45.6mpg, believe it or not). As I see it, Dave, you may be liable to a tax charge on 4p a mile (unless your company is prepared to cover this for you). |
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