Rising fuel costs /business expenses

jayne_just_learning

I'm rather fed up with the huge increases in fuel costs and not getting any increase in mileage allowance from my employers. I know anything above 40p we would have to pay tax on but even so that would be a better option in my opinion.

Myself and my colleagues are trying to make a case to our company to get an increase - what would really help is if anyone knew when Inland Revenue set the 40p per mile tax free amount. Then I would like to find out how much petrol cost in those dark and distant days.

also the 40p is supposed to cover running costs/maintencance/depreciation so understanding the inflation increase/price index since then would be another useful argument to use.

Does anyone know the answers? Or has anyone approached their employers and managed to get an increase.

Thanks in advance for anything that might help

J

Andy_L

The AA produce these charts of the cost of running a car
http://www.theaa.com/motoring_advice/running_costs/index.html
Goes back to 98, when unleaded was 67p/litre

Iamthesmartestmanalive

Andy_L wrote: »

The AA produce these charts of the cost of running a car
http://www.theaa.com/motoring_advice/running_costs/index.html
Goes back to 98, when unleaded was 67p/litre

Maybe the OP should start campaiging to have it lowered since even today they still profit at 40 p per mile :rolleyes: