The chancellor cant add up!

ianvogler

Martin

I drive a company car,

Its a 1.7 diesel the company pays me 11p a mile for the diesel for business mileage.


The is the rate set by HMRC , diesel is an average £5.53 based on diesel being £1.22 a liter.


So at 11p a mile my car would need to do 50 mpg , in London that's just not going to happen .Its more like 30mpg This means for every mile I drive I loose about 7p a mile .


So how does the treasury think its rates are fair?

You could say change your car...but its a company car and needed for my job I cant make that change , the car is contracted for 4 years .

Don't use a car you might say , but for me an 1000s of other we need to , to do our jobs.

If you started talking about this issue it would be a real step to getting the government to realize that's the figures used are way out of line

Ian

tinkerbell84

As the price of fuel rises almost hourly, what do you suggest the Treasury do?

I agree that the rates set are out of date, but they can't ensure no-one misses out when the price of fuel varies so much. (And fuel is actually cheaper in London than it is outside!!!)

vikingaero

Can you renegotiate with your employer and switch to a fuelcard where they pay for all fuel and you log private and business mileage?

geo555

The figures are only advisory. You should speak with your employer to pay you the going rate for the fuel that you use. You should not be taxed on this amount.

http://www.hmrc.gov.uk/cars/fuel_company_cars.htm

Alfrescodave

Its your company that sets the rate and its in their interest not to quickly respond to pump price rises. Their comment will probably be that when (if) prices ever decrease then the delay will then be in your favour (!)

Pew_Pew_Pew_Lasers!

Thought it was 40p for the first 10,000 miles and 25p thereafter - has this changed recently?

Your company paying you 11p a mile - I'd get a new job tbh.

Conor_3

ianvogler wrote: »

Martin

I drive a company car,

Its a 1.7 diesel the company pays me 11p a mile for the diesel for business mileage.


The is the rate set by HMRC , diesel is an average £5.53 based on diesel being £1.22 a liter.


So at 11p a mile my car would need to do 50 mpg , in London that's just not going to happen .Its more like 30mpg This means for every mile I drive I loose about 7p a mile .


So how does the treasury think its rates are fair?

Talk about being bloody greedy. Did you pay for your car? No. Do you pay the insurance, tax and servicing costs? No. Everyone else has to.

So when you include all of that lot you don't have to pay, yes it is fair.

goldspanners

Conor wrote: »

Talk about being bloody greedy. Did you pay for your car? No. Do you pay the insurance, tax and servicing costs? No. Everyone else has to.

So when you include all of that lot you don't have to pay, yes it is fair.

its a company car,do you pay for your lorry to be serviced,do you pay your companies insurance on the vehicle or VED?

i dont think so.

Alfrescodave

Give the guy a break. What the Op is saying is that the 11p he is paid per business mile is not a generous figure and depending upon driving conditions (short journeys etc) may well result in him subsidising his company mileage.

Sure he doesn't pay car tax, insurance or have to purchase the car but he does have to pay income tax as it is classed as a benefit - company cars are NOT the perk that they once were.

matthewn.green

40p / mile type figures normally are for people using their own car, and taking into account depreciation, wear and tear on the car and paying a portion of the whole life costs of the vehicle.

11p per mile sounds about right really.

southernscouser

goldspanners wrote: »

its a company car,do you pay for your lorry to be serviced,do you pay your companies insurance on the vehicle or VED?

i dont think so.

Conor got told! :rotfl: :T