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claiming mileage and tax
nickcardwell
Posts: 346 Forumite
in Cutting tax
first time posting and im interested about tax and mileage (reading bits and pieces but im a bit unclear)
I work for a construction company and im based at the head office.
using my own car when i have to go to site, i claim miles from head office to building sites and back to head office.
Last year i did about 1200 miles, so far this year i have done nearly 1000miles
The mileage allowance i can claim is 25p a mile.
can someone point me in the right direction or give advice if i can claim tax back (im reading bits on 40p mile allowance).
I work for a construction company and im based at the head office.
using my own car when i have to go to site, i claim miles from head office to building sites and back to head office.
Last year i did about 1200 miles, so far this year i have done nearly 1000miles
The mileage allowance i can claim is 25p a mile.
can someone point me in the right direction or give advice if i can claim tax back (im reading bits on 40p mile allowance).
0
Comments
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The mileage allowance rates allowed by HMRC are 40p a mile for the first 10,000 miles, 25p thereafter.
If your employer is reimbursing you at 25p per mile. You can claim a tax deduction for
(0.4-0.25) x 1200 = £1800 -
Excellent,
for that can i claim back previous years?
also how do i go about it?
thanks
nick0 -
I believe you can backdate your claim for 6 years but HMRC will advise.
Your employer should be paing you 40p per mile IMHO.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Would this also be the case for a supply teacher? One day I could be at a school a mile away & then like last week, be at a school 20 miles away. The agency I work for is 6 miles away from my homeI do whatever my rice krispies tell me to :rolleyes:0
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nickcardwell wrote: »Excellent,
for that can i claim back previous years?
also how do i go about it?
thanks
nick
Contact your tax office and just ask for a form to be sent out - you will need 1 for each tax year you want to claim for (I think you can download a form for the current tax year on the internet). I use my own car with a car allowance and my company pay 27p per mile. I thought I was claiming the 13p difference but it was actually tax relief on the difference.....but it is better in my pocket!!Virgin CC [strike]£6133[/strike]
- gone!!!!
A&L Loan [strike]£2000[/strike]
- gone!!
Car loan £4000 - 20 months left
:idea: Lightbulb moment Feb 2007
PROUD TO BE DEALING WITH MY DEBT0
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