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Personal Car Business Use
Rugs
Posts: 19 Forumite
in Cutting tax
Morning all.
Just registered for the forum as thought I could do with claiming back all the money I can with the current economic climate and an impending wedding!
Anyway I have heard about, but haven't been able to find much info on, claiming back for using a personal car for business use. Something like 40p per mile for the first 10k then 20 per mile after that. I roughly do 20k miles per year and the car I use is provided by the business but I lease it off them. To an extent where the business breaks even on it and there's no benefit in kind implications for me or my employer.
Does anyone have a guide on claiming this back or have any experience with it? I've tried contacting the inland revenue and my payroll department but neither have been particularly helpful.
If anyone could give me a steer in the right direction I'd be very grateful.
Cheers
Rugs.
Just registered for the forum as thought I could do with claiming back all the money I can with the current economic climate and an impending wedding!
Anyway I have heard about, but haven't been able to find much info on, claiming back for using a personal car for business use. Something like 40p per mile for the first 10k then 20 per mile after that. I roughly do 20k miles per year and the car I use is provided by the business but I lease it off them. To an extent where the business breaks even on it and there's no benefit in kind implications for me or my employer.
Does anyone have a guide on claiming this back or have any experience with it? I've tried contacting the inland revenue and my payroll department but neither have been particularly helpful.
If anyone could give me a steer in the right direction I'd be very grateful.
Cheers
Rugs.
0
Comments
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My initial thoughts are that if the amount you pay to your employer covers the benefit in kind on the vehicle, then that payment would cover the running costs and the 40p/25p allowance is not due to you.
Can you give some more info - what is the amount of taxable benefit on the car and how is it decided how much you need to pay? Who pays for petrol and otehr running costs?£705,000 raised by client groups in the past 18 mths :beer:0 -
fengirl is right.
you certainly need to provide the extra info required0
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