tax rebate for paying own business insurance?

Princess_Jane

Hello,

I've been advised by work I need to have business insurance if I use my own car at work.

I probably do less than 1,000 business miles a year.

There are pool cars available, but only at head office, not at my satellite office which about fives miles away.

Can I get any tax relief if I take out business insurance?

We do get petrol expenses at 40p per mile.

Is that supposed to cover it or is that purely for fuel?

thanks

elljay

Hi, a similar thing happened to me. I rang my car insurance company and they added 'business use' to my normal policy for no additional charge. Someone else I know had to pay a small additional amount but not much -hardly anything. The mileage charge you get is supposed to cover any additional amount you might have to pay as well as petrol and a nominal amount toward depreciation of your vehicle, road tax etc. Although I don't know who you work for, it's always worked the same in principle wherever I've worked.

Liz

Princess_Jane

thanks for that.

I'll ring the insurance company tomm.

just worried it's gonna go sky high as I'm a journalist which is supposedly a higher-risk profession (tea-coma at the wheel?) and my car is a Japanese import..don't ask, worse buy of life..

Mikeyorks

Similar story when I had to add to my OH's policy to cover her running an old guy (no .. not me!) around as part of respite care, for his family. Strange p/t job paid for by the local Council - but necessitated cover for 'fare paying passenger'.

It was simply added f.o.c by the Insce company

Treading_Water

In answer to your original question the 40p per mile is supposed to cover all the running costs of the car. So I guess that would include any insurance excess you may be requied to pay.

Princess_Jane

Thanks everyone,

after all that it was just an additional £23 a year!

Think I can live with that.