Britannia Ovens (esp Range cookers) your experience

[Old Speckled Hen]

I need to claim mileage on my little car for the occasional visit to a property I let out. Has anybody any idea what the current rates per mile are?

[The Dogmother]

At work, we can claim 50p/mile, but I do know that anything above 40p/mile (please correct me if I am wrong) is taxable.

[Old Speckled Hen]

It's an allowable cost, getting to inspect the property which is not managed by an agent. 50p would be good

[sadietoo]

Currently for employment (and self employment purposes) you are correct Claret, and the going rate is 40p per mile for business miles. The Revenue will accept this without quibbling.

[Old Speckled Hen]

Thank you very much, sadietoo

[Chucky Mama]

40P per mile ifor employees who use their own cars. 12p per mile if it's a company car here.

[kinsk]

for private cars 40p per mile for the first 10,000 then drops down to 28p, anything above that is taxable

 

Really annoys me that the rates haven't gone up for over 10 years but the cost of running a car certainly has!

[The Dogmother]

You might be able to claim more too if you have a passenger; we're able to claim a further 5p per mile, but very few people actually do.

[stehaggan]

Claret and kinks are right - not quite an accountant but currently sat in lesson for my final case study exam lol

[donald]

Hi

 

I claim mileage in my own car.

 

I get the maximum allowed 40p per mile up to 10000miles per year..so that is tax free. If you try to get more you will pay tax on difference.

Anyone saying they get 50p will have to pay tax above 40p(so on the extra 10p)

 

After 10000 miles it goes down to 25p per mile.

 

Now some employers may pay you ie 18p per mile for using your own private car. But at the end of the tax year you can claim the difference between 18p and 40p and claim back the tax allowance up to 40P!!!!There is a form on the HM website to help you work it out and also on a short tax return. The tax office will help you if you dont understand it. Put a link on.

 

If you can get 40p that will probably serve you the best up to 10000 miles etc(it is on the HM website!

 

Good luck Donald http://www.hmrc.gov.uk/helpsheets/hs222.pdf#page=3

[Old Speckled Hen]

Thanks.

being able to claim a mileage allowance makes the difference between paying a little tax and none at all.

[donald]

But if you can get the 40p it is irrelavent if you are a higher or lower tax payer or non tax payer. You all can have up to 40p tax free for business miles.

 

If its less you will at the end of the tax year claim the allowance difference not the numerical difference. Hope thats clear

 

Go for it you may as well have it good luck donald