Nearly end of tax year - can you claim back tax?

Storm

Thought I'd post a quick link for anyone that gets paid mileage from work at less than 40p a mile... You can claim back the difference from the inland revenue via form P87

http://www.hmrc.gov.uk/forms/p87.pdf

I've worked mine out to be nearly £50 :j and that's only with me driving for 6 months! Definitely worth doing, and spread the word!

Quick Notes: This is only up to 10,000 miles per year, after that you're only allowed 25p a mile, so double check whether you'd end up owing money first!

I hope loads of you get some tax back!

james32_uk

This is a great and little known money-saving tip.

Spendi

I know this is probably a really dumb question but i didnt know you could do this !

I had to use my car for work purposes and only clocked up about 120 miles but they dont pay 40p only 33.81, does that mean with this form i can claim the difference back ?

CLAPTON

yes you can claim

= (40-33.81) * 120 *22% = £1.63

littlekitten

Hi,

I just want to clarify you can claim provided the journey is not to a fixed place of work and you have to take of the distance you would normally travel to work even though your employer might pay this

e.g journey to see customer in Birmingham - distance form london to birmingham 200 miles rtn

Normal comumting distance 20 miles rtn

allowable 180 miles

xx

cash99

littlekitten wrote: »

Hi,

I just want to clarify you can claim provided the journey is not to a fixed place of work and you have to take of the distance you would normally travel to work even though your employer might pay this

e.g journey to see customer in Birmingham - distance form london to birmingham 200 miles rtn

Normal comumting distance 20 miles rtn

allowable 180 miles

xx

Littlekitten this is no longer the case. The only time you need to take your normal commuting journey into account is when the business journey is substantially the same as your normal commute. This is not soley related to the distance, but more to where the destination of the business journey is located. A journey which is in the same direction, and of the same or less distance will be not be business travel.

In the example you quote above all 200 miles could be claimed.

The rules are complex and change farily regularly, but good examples are given on the HMRC website. http://www.hmrc.gov.uk/manuals/eimanual/EIM32000.htm