Help with business mileage

creme_brulee

Hello everyone,

my company pay 32p per mile and I have to claim the rest through my tax return. For 17/18, I did 3066 business miles and claimed 3066 x .32p=£981.12 from my employer.

This leaves 3066 x 13p for me to claim back through HMRC = £398.58.

My question is this, when submitting my return, do I put the whole figure of £399 (as they round it up) as an allowable expense or do I put £79.72 in (as this is 20%) ?

Not sure what to do as I don't want to overclaim :eek:

many thanks for your help :T

00ec25

your expense is 398.58
you do not round up figures input to the return

the tax return does what it says it does, it calculates your tax for you...

Dazed_and_confused

As 00ec25 says it is just part of your self assessment calculation.

You are claiming (net) expenses of £398.58 and they should be reflected in the calculation. It is a million to one shot you will see £79.72 anywhere on the calculation.

The expenses may save you £79.72 but this will be blended in with everything else to give you overall tax due/overpaid figure.

Presumably you are principally completing the return for some other reason so there will be other things to be taken into account, even if it's just the small amount of tax you will no doubt owe from being on PAYE during the year.

Dazed_and_confused

What you may find useful is to complete the return without the expenses then view the calculation and note the tax due or refund due.

Then add the expenses and see how this changes the overall position.

If you have very straightforward up-to-date tax affairs then you may owe around £2 without the expenses and be due a refund of about £78 with the expenses.

If your tax code for 2017:18 included an estimate of your expenses, for example from a previous self assessment tax return, then this outcome is far less likely.