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dave996 13-Sep-2005 16:57

Quote:

Originally posted by CK and AK
interesting to see what your company pays per mile Dave.

We pay 40p per mile for own car, and 20p per mile for company car (non commuting of course)
If I cant/wont use a pool car then I'm well in for pennies, cos I'll either use my bike - or my smart - depending on location/meeting type etc.

How does this compare with others?:puzzled:

C:)

I need to come and work for you then:D

ziggi 13-Sep-2005 16:57

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.

dave996 13-Sep-2005 16:59

How does that work on a company owned vehicle??

beancounter 13-Sep-2005 17:03

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).

ziggi 13-Sep-2005 17:04

Sorry, just checked - that's for your own vechile for company use. Sorry. Why doesn't your company give you a petrol card?

dave996 13-Sep-2005 17:09

Quote:

Originally posted by ziggi
Sorry, just checked - that's for your own vechile for company use. Sorry. Why doesn't your company give you a petrol card?

Don't want to get taxed on that either:sniff:

dave996 13-Sep-2005 17:10

Quote:

Originally posted by beancounter
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).

2000cc diesel 4x4!!!!!!

AK 13-Sep-2005 17:11

Quote:

Originally posted by dave996
Quote:

Originally posted by CK and AK
interesting to see what your company pays per mile Dave.

We pay 40p per mile for own car, and 20p per mile for company car (non commuting of course)
If I cant/wont use a pool car then I'm well in for pennies, cos I'll either use my bike - or my smart - depending on location/meeting type etc.

How does this compare with others?:puzzled:

C:)

I need to come and work for you then:D

sorry, now looks likely that I'll be looking for a job when I come back from hols:(

But am trying to be optimistic:)

dave996 13-Sep-2005 17:13

Quote:

Originally posted by CK and AK
Quote:

Originally posted by dave996
Quote:

Originally posted by CK and AK
interesting to see what your company pays per mile Dave.

We pay 40p per mile for own car, and 20p per mile for company car (non commuting of course)
If I cant/wont use a pool car then I'm well in for pennies, cos I'll either use my bike - or my smart - depending on location/meeting type etc.

How does this compare with others?:puzzled:

C:)

I need to come and work for you then:D

sorry, now looks likely that I'll be looking for a job when I come back from hols:(

But am trying to be optimistic:)

:(

beancounter 13-Sep-2005 17:16

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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