Tax Relief on Fuel

harding1985

Hi All,

I currently get paid £2400 per annum (taxed) car allowance and i'm currently receiving 16p per mile for my 1.8 petrol car. (My own car)

Am I entitled to any tax relief via HMRC? I read somewhere about claiming 45p per mile for the first 10k miles?

I do roughly 13-15k per annum mileage.

Thanks for your help in advance :cool:

zygurat789

harding1985 wrote: »

Hi All,

I currently get paid £2400 per annum (taxed) car allowance and i'm currently receiving 16p per mile for my 1.8 petrol car. (My own car)

Am I entitled to any tax relief via HMRC? I read somewhere about claiming 45p per mile for the first 10k miles?

I do roughly 13-15k per annum mileage.

Thanks for your help in advance :cool:

You should always know where you read something useful, there's lots in here just read.

From_St_Neots

Complete P87 and submit to tax office, I have done it for the last 5 odd years and very easy. The first time they will send you a cheque and any subsequent years is by tax code adjustment.

The form talks you through, but at 16p a mile you will still get tax relief on the miles in excess of 10,000 as I think the HMRC was around 25p per mile.

For the first 10,000 miles you will get the tax relief on 29p (45p-16p) per mile i.e. 5.8p or 11.6p back depending on your tax bracket.

I hope this helps

dano17439

harding1985 wrote: »

Hi All,

I currently get paid £2400 per annum (taxed) car allowance and i'm currently receiving 16p per mile for my 1.8 petrol car. (My own car)

Am I entitled to any tax relief via HMRC? I read somewhere about claiming 45p per mile for the first 10k miles?

I do roughly 13-15k per annum mileage.

Thanks for your help in advance :cool:

Is the 13-15k all business miles? If so I think you'd be better of with a company car!