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Company Car - please help...

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  • mrcow
    mrcow Posts: 15,170 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Stabilo, you took the words out of my mouth!!

    Jacster, all you have to do is allow for the 10p per mile that the company have already given you (there's a section on the tax return for this), and then claim the balance back on your tax return.

    Hope this helps.

    Edit.....just to be a little clearer....this extra that you claim will be in the form of tax relief, so the actual amount of money that you will get back from the tax office will obviously depend on your tax band. If you are in the 40% band, then make sure that you are claiming this, or you're losing out on money that is yours!
    "One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
    Because by then you've blown your chances. That's it."
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