Company Car question

freakinaddict

Hello
I saw a post on here a while back regarding company cars, I have searched and can not seem to find it. So I will ask my questions and hopefully someone may able to help me.
I have had a company car for the last 3 years coming on for 4 years.
I pay for my own fuel and then claim mileage back at 10p per mile
I'm sure I was reading I may able to claim some money back from the tax office or goverment.
I average 15,000-20,000 business mile per year
The questions are
Can you claim any money from goverment or tax office?
is so How do i do it?
Any replies will be much appreciated.
Regards

fengirl_2

If you use your own car for work, you can claim a tax allowance of 40p per mile on the first 10,000 miles and 25p per mile thereafter. As you are not using your own car, you cannot claim this deduction.

freakinaddict

Thanks Fengirl for replying
So basically I need to have a meeting with my boss at work
Since prices have gone up for fuel I am definately paying more than 10p a mile, so we need to aggree a new rate for mileage.
Just another question then, from what you are saying above, is it worth getting an allowence to buy/use my own car?
Does anybody get an allowence, does it benefit you? ie doing 20,000 mile per year, maintaining, taxing and insrance and so on.
What is a good allowence to ask for in my yearly review in April?
sorry for all the daft questions its just something i've never really looked into.
Regards

trippy

I get £700 per month car allowance and we've worked out that we are around £200 better off a month having opted out of the company car scheme. I think the average car allowance is £500 per month and depending on the type of car you choose (we have an Audi A4) it may not make a lot of difference with that allowance. You can play with figures at https://www.cashorcar.com which calculates all the fuel costs too.

squeaky

Hiya, next time you're looking for something - this might help:-

http://forums.moneysavingexpert.com/showthread.html?p=8914299#post8914299

And for a bet, this will too

Quick search help

ianmr65

fengirl wrote: »

If you use your own car for work, you can claim a tax allowance of 40p per mile on the first 10,000 miles and 25p per mile thereafter. As you are not using your own car, you cannot claim this deduction.

Also, if you get petrol paid for business journeys, at a lower rate than 40p, you can claim relief on the difference between the rate you get paid, and 40p. Not sure if this applies if you have a company car but pay your own petrol as well. . You should check that on the Revenue website.
NB you can't claim relief for any miles to and from work, so you should keep a diary of business only trips, and any trips made where you go straight from home, need to have journey to nornal place of work milage deducted.

fengirl_2

No, the 40p per mile is designed to cover everything to do with running the car - from fuel to depreciation, so you couldn't claim anything extra.