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P87 Query re Businuss Need Car
LJB999
Posts: 2 Newbie
in Cutting tax
Hi
Sorry if this seems a stupid question but I receive a business need car from work (job need car-basically I am provided it as long as I travel 10Kplus miles per annum). I am pretty certain I am not entitled to a P87 rebate but colleagues seem convinced I am and even the lady at the tax office was unclear when I called!
Surely the P87 is to cover wear & tear on your own car - if I am given the car (although I am taxed for having it) I am not entitled?
Please advise
Thanks!
Sorry if this seems a stupid question but I receive a business need car from work (job need car-basically I am provided it as long as I travel 10Kplus miles per annum). I am pretty certain I am not entitled to a P87 rebate but colleagues seem convinced I am and even the lady at the tax office was unclear when I called!
Surely the P87 is to cover wear & tear on your own car - if I am given the car (although I am taxed for having it) I am not entitled?
Please advise
Thanks!
0
Comments
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If the car is supplied by your employer then you cannot claim any mileage allowance relief - as you state it is for using your own car for business purposes.0
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Does your employer provide fuel or do you have to?
If you do, does your employer reimburse you any of the costs?
Basically if your driving a company car (which by the sounds of it you are) and you provide the fuel, your employer can reimburse you up to a certain amount (depends on the car i.e petrol/diesel and engine size)
http://www.hmrc.gov.uk/cars
The link will take you to the HMRC page for cars in general. From there you should be able to find the bit that means most to you. (sorry)0 -
Sorry, also forgot to mention any reimbursement should be for business travel only.0
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If your employer provides the car, there is NO tax relief on mileage even if your employer doesn't provide any fuel.British Ex-pat in British Columbia!0
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True not on mileage but...
<H2>Tax relief for fuel when using a company vehicle
If you pay for fuel when using a company vehicle for business travel you can get tax relief on fuel costs, less any payments repaid by your employer and covered by a 'dispensation'. You must keep a record of your business mileage to calculate your expenses
</H2>0 -
Thanks all for your replies, will look at your suggestions0
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