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Carry over of car mileage tax allowance?
planes
Posts: 20 Forumite
in Cutting tax
Help please,
Just started a part time job (After many years out of work -so yippee) which involves high mileage but only 25p a mile allowance.
I could end up doing around 9000 miles before the end of this tax year but not having worked this tax year I will effectively not be paying tax (I will not earn enough to exceed my personal tax allowance of £6.400).
As I see it this means I have nothing to offset the car allowance tax relief (9000 x 15p x 20%) against .
Are you allowed to carry forward this unclaimed tax relief to a future year?
Many thanks for help and advice
Planes
Just started a part time job (After many years out of work -so yippee) which involves high mileage but only 25p a mile allowance.
I could end up doing around 9000 miles before the end of this tax year but not having worked this tax year I will effectively not be paying tax (I will not earn enough to exceed my personal tax allowance of £6.400).
As I see it this means I have nothing to offset the car allowance tax relief (9000 x 15p x 20%) against .
Are you allowed to carry forward this unclaimed tax relief to a future year?
Many thanks for help and advice
Planes
0
Comments
-
Afraid not.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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