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Car allowance + fuel card
fruitabat
Posts: 2 Newbie
in Cutting tax
Hi, little be of help needed on car allowance.
I get a car allowance paid in to my wages which I am tax on at the normal rate. I bought a car outright and I have to pay for all normal service cost.
the company provides me with a company fuel cards.
I then get charged .13p per mile for private mileage, I do not see the bill for work mileage but do have to log the mileage.
If I opted out of the fuel card the company will pay .15p per mile for my work mileage.
so the questions are:
1- with using the company fuel card can I claim any extra tax relief for the mileage ?
2- if I start to pay for fuel and claim it back @ .15P per mile can I offset any more cost against my personal tax.
3- any other tips would be great
thanks in advance
I get a car allowance paid in to my wages which I am tax on at the normal rate. I bought a car outright and I have to pay for all normal service cost.
the company provides me with a company fuel cards.
I then get charged .13p per mile for private mileage, I do not see the bill for work mileage but do have to log the mileage.
If I opted out of the fuel card the company will pay .15p per mile for my work mileage.
so the questions are:
1- with using the company fuel card can I claim any extra tax relief for the mileage ?
2- if I start to pay for fuel and claim it back @ .15P per mile can I offset any more cost against my personal tax.
3- any other tips would be great
thanks in advance
0
Comments
-
any help at all on this one ?0
-
You can get tax relief on the difference between what your employer reimburses for business mileage and HMRC rates (45p a mile for first 10,000 miles and 25p a mile thereafter).0
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