Using own car for work and loosing out

Flyboy152

aries69 wrote: »

The outcome from today is they are going to pay me 25p per mile, no allowance, they said I have to submit my detailed mileage log fortnightly to receive payment based on the 25p per mile.

The last 7 days for instance I have driven 114 business miles and 16 personal. Based on 114 x 25p I will get £28 back but have put £30 in petrol - unfortunately I cannot wait until next year to claim from HMRC for the 15p = £17.

Its leaving a very nasty taste - I have printed out the whole thread and theres so much to take on..... all in my favour thankfully.

Thanx again

How many miles per gallon are you getting?

spiro

Flyboy152 wrote: »

How many miles per gallon are you getting?

As they say they have put in £30 worth and only done 130 miles I would make that 26mpg at £6/gallon. Sounds likes that have either (a) not used all £30 worth of petrol or (b) mpg is not good.

Flyboy152

At twenty-five pence per mile, it seems you are you are going to be worse off.

sunshinetours

aries69 wrote: »

The last 7 days for instance I have driven 114 business miles and 16 personal. Based on 114 x 25p I will get £28 back but have put £30 in petrol - unfortunately I cannot wait until next year to claim from HMRC for the 15p = £17.

With resepct I still don't think you understand the tax relief on the mileage payments - you will not be getting 15p per mile from HMRC!!!!

At least if they are paying you a mileage rate you (and they) are sorted as far as any tax issues may be concerned. Unfortunately you seem to be either
1. Chossing to drive an uneconomical car
2. Driving like an economical car but driving like a loon

Neither of which help your pocket I'm afraid

I also hope anyone searching for mileage and / or company car petrol rates does read this whole thread as some of the information still left posted is wrong and misleading

Flyboy152

sunshinetours wrote: »

I also hope anyone searching for mileage and / or company car petrol rates does read this whole thread as some of the information still left posted is wrong and misleading

You mean like:

Anything they pay you over the actual cost of business petrol would be a benefit in kind and taxable so don't go that route

sunshinetours

Flyboy152 wrote: »

You mean like:

No - reimbursing in general terms ie paying for someone's tank of petrol that is used part business and part private, and not on an actual business cost basis is a benefit in kind (potentially) - what part of that is not clear?

Feel free to edit your incorrect post

Flyboy152

sunshinetours wrote: »

No - reimbursing in general terms ie paying for someone's tank of petrol that is used part business and part private, and not on an actual business cost basis is a benefit in kind (potentially) - what part of that is not clear?

Feel free to edit your incorrect post

You wrote:

the actual cost of business petrol

Nothing about private petrol. That was the potentialy misleading part.

sunshinetours

Flyboy152 wrote: »

Nothing about private petrol. That was the potentialy misleading part.

What is confusing about saying a company paying for anything other than "business petrol" is a potential benefit?

Giving people the wrong rates to use and leading people into thinking they have a company car when they don't is the misleading parts on this thread that I was referring to

aries69

Just a quick update on my car situation - IT PASSED ITS MOT TODAY!!!!!! Couple of advisories so will get them looked at.

Yesterday I handed in my first detailed business mileage claim for 194 @ 25p per mile (36 personal) - I have been told to do this every two weeks.... Strangely I have become obsessed now with writing everything in diary - deducting journey to/from home/office which is 0.8 miles. I have asked for payment to be credited to another bank account so I can keep this separate from other ins and outs and can analyse what its costing.

Thanks again

Flyboy152

aries69 wrote: »

Just a quick update on my car situation - IT PASSED ITS MOT TODAY!!!!!! Couple of advisories so will get them looked at.

Yesterday I handed in my first detailed business mileage claim for 194 @ 25p per mile (36 personal) - I have been told to do this every two weeks.... Strangely I have become obsessed now with writing everything in diary - deducting journey to/from home/office which is 0.8 miles. I have asked for payment to be credited to another bank account so I can keep this separate from other ins and outs and can analyse what its costing.

Thanks again

You're still getting ripped off. With petrol at 132.9 pence per litre, average of twenty-seven miles to the gallon, that means it's costing you twenty-three pence per mile. Two pence per mile to maintain, insure and tax your car is nowhere near enough. And what happens when the price of petrol goes up to £1.40 per litre and beyond?