LockdownLife
Vital Squad Member
I enjoyed the away day there in the cup. I think Curtis Weston scored under Hess when they were doing alright in L1 and us L2. I feel like we went on to play a Prem team that season - Stoke maybe?
Sorry Mark, been watching the cricket, but I see that Trashbat has answered you question in great detail. Your employer is also authorised to increase the standard revenue payment by 5p per mile for every passenger, but you aren't allowed to claim the tax on that amount if your employer doesn't pay it.I am kind of aware but have never pursued it. I use my personal car for business travel and have a mileage allowance repaid as you describe. I also get a set payment each month for using my car as part of salary package. Presumably this would stop me for claiming the difference between my company mileage allowance and the inland revenue allowance?
I don't travel very often so it's more of a point of interest than anything else.
Lintrott is cycling on his BMX because he hasn’t passed his driving test yet.
It wouldn’t stop you from claiming and if you’re racking up decent mileage then it is well worthwhile. By way of example, if you travel 10k miles in a personal vehicle to a temporary place of work and your employer reimbursed you 20p per mile, assuming you are a higher rate tax payer - then the claim would save you:
(45p/mile - 20p/mile) x 10,000miles x 40%marginal tax rate = £1,000. Kerrttching.
You should be able to do it retrospectively for prior tax years too!
Bert and Trashbat. Thanks for sharing.
My mileage allowance is less than the HMRC allowance but I also get a set payment of £500 a month. The total would be way higher than the difference between the two mileage allowances. Doesn't this mean that I have had my expenses fully reimbursed and therefore couldn't claim from the HMRC ?
Bert and Trashbat. Thanks for sharing.
My mileage allowance is less than the HMRC allowance but I also get a set payment of £500 a month. The total would be way higher than the difference between the two mileage allowances. Doesn't this mean that I have had my expenses fully reimbursed and therefore couldn't claim from the HMRC ?
In relation to the 45p, it is made up of two parts from the employer's perspective. Depending on the car engine size, around 18p - 25p** of the 45p is considered fuel allowance. The other odd 20p is considered a contribution towards the wear and tear of your car. Hence an employer can claim VAT back against the first 18p-25p of allowance but not anything over this.
When you say "My mileage allowance is less than the HMRC allowance" then is the allowance something like the 18p-25p range? If so, this would suggest the £500 is considered a contribution towards the maintenance of your car.
The question would be which of the following numbers is bigger:
a) Average Monthly Miles x (company allowance rate) added to the £500.
b) Average Monthly Miles x 45p
If a) is bigger then you probably won't be able to claim Mileage Allowance Relief, but if b) is bigger then you might be able to claim against the difference.
From the main paragraph I read it as a) being bigger? Therefore I'd say any claim would be rejected by the HMRC.
Depending on the size in the difference in numbers then speak to an accountant who'd be able to look into your mileage and do some calculations with the actual numbers.
** these were the rates from a few years ago when I was going this stuff. The rates might have been tweaked since
That 5-1 defeat and the opening 35 minutes were one of the most inept Gills performances I've witnessed in person. The dark humour in the away end (or side) was the only saving grace,although the atmosphere towards the team and PT was very to the point as well.
The £500 is not an allowance.
I heard word of a fan boycott due to random kick off times made it's way to Scally.Just noticed that Saturday`s home game v Donny is a 3pm kick-off -
Has it been put back to ensure that Mr Willock ( ) gets to the ground in time or have Donny refused to move it forward ?
Bert, Trashbat and Rob thanks for all the replies. You have confirmed my long held belief that tax is too taxing for the averaging person :-)
I think HMRC designed it that way so the clever people with accountants can legally avoid tax and the rest of us just pay it :-)
Trashbat is correct the £500 a month is a component of my overall package and is taxed each month at source (PAYE) . Its in lieu of a car.
I guess I could claim the mileage difference but I'm not going to . My travel at the moment is limited to 3 or 4 trips a year to Lincoln of all places so not too many miles.
I successfully added my professional fees and home office set up costs to the my allowance this year and I think I'll quit while a head.
I don't want to do self assessment - simple PAYE is all I need.
Thanks for sharing your experience though. I do appreciate it.