Using own car - pence per mile

Grumpy_chap

TELLIT01 said:

I wonder what allowances will be given for use of EVs?

They are the same 45 / 25 pence as ICE.
AMAP fuel-only mileage is lower, 5 pence per mile IIRC.

Dazed_and_C0nfused

jefaz07 said:

I get 13p per mile and have to claim the rest on my tax return. 

I also get £4500 per annum to buy whatever I choose. 

You can't claim "the rest" on your tax return.

You can claim tax relief on the difference between 13p and 45p (on the first 10,000 miles).

But for most people that will be worth 6.4p or 12.8p/mile.

Your employer paying say 28p or more will be worth more in your pocket.

jefaz07

Dazed_and_C0nfused said:

jefaz07 said:

I get 13p per mile and have to claim the rest on my tax return. 

I also get £4500 per annum to buy whatever I choose. 

You can't claim "the rest" on your tax return.

You can claim tax relief on the difference between 13p and 45p (on the first 10,000 miles).

But for most people that will be worth 6.4p or 12.8p/mile.

Your employer paying say 28p or more will be worth more in your pocket.

Yes, sorry, this is what I meant. The tax relief between the both.
I do around 10000 per year. 

Plus £4500 per year. Taxable and paid monthly. 

MattMattMattUK

Sandtree said:

DE_612183 said:

By the way - my car on a full tank ( £80 ) does 400 miles - that's 20p per mile.

The cost of using your vehicle isn't just the fuel you put in it, its the wear to the tyres and other mechanical aspects, the acceleration towards any periodic servicing, the depreciation of the vehicles value etc. AA used to publish figures and the fuel aspect of it was relatively modest and that was back when cars were less efficient (but fuel was cheaper)

Whilst I agree, the wear and tear is unlikely to be close to 25p per mile, as an example I do around 4,500 miles a year for work, so roughly £2,025 in mileage. Based on current petrol prices that costs me around £760 pa. I don't spend anything like the remainder of the mileage on servicing and consumables, it would take a very expensive car, or something with a very low MPG to mean there was a cost. 

Undervalued

MattMattMattUK said:

Sandtree said:

DE_612183 said:

By the way - my car on a full tank ( £80 ) does 400 miles - that's 20p per mile.

The cost of using your vehicle isn't just the fuel you put in it, its the wear to the tyres and other mechanical aspects, the acceleration towards any periodic servicing, the depreciation of the vehicles value etc. AA used to publish figures and the fuel aspect of it was relatively modest and that was back when cars were less efficient (but fuel was cheaper)

Whilst I agree, the wear and tear is unlikely to be close to 25p per mile, as an example I do around 4,500 miles a year for work, so roughly £2,025 in mileage. Based on current petrol prices that costs me around £760 pa. I don't spend anything like the remainder of the mileage on servicing and consumables, it would take a very expensive car, or something with a very low MPG to mean there was a cost. 

Exactly.

Most employees who do a limited number of miles per year for their employer and collect 45p per mile (tax free) are well in pocket. If you are doing a very significant mileage for work, to the point that it influences the sort of car you choose to run, then the equation gets more complex.