We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Car Allowance and milage rates- can I claim
scooby56
Posts: 1 Newbie
in Cutting tax
My company pays me £2,500 car allowance per annum and this is paid monthly but is taxed. I returned my comapny car in September and have used my own car since. My mileage is excessive to say the least.
Since September 2009 I have done about 15,000 business miles. I only get reimbursed 0.12p per mile
Can I claim from the inland revenue as I am now seriously out of pocket as a result and I really need to replace my car due to the excessive mileage:A
Since September 2009 I have done about 15,000 business miles. I only get reimbursed 0.12p per mile
Can I claim from the inland revenue as I am now seriously out of pocket as a result and I really need to replace my car due to the excessive mileage:A
0
Comments
-
You should be able to claim a tax rebate on the difference between the HMRC rate (40p per mile for up to 10k; 25p per mile over 10k) and the rate you are paid.
So if you did 10k, you'd get the tax rate on the 28p diffference; i.e about 5.6p per mile, i.e. £5600
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards