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Travelling Expenses
Hi I have a BMW 316i R reg and have been offered 28p per mile for travelling expenses, being a girly and only interested in driving cars (and shoes and handbags, of course) I am not sure how to work out whether this is good or not, please help!
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Hi,
For guidance you can check the inland revenue site. If you're doing less than 10,000 miles a year you sholud be getting 40p per mile for a 1600cc if it's your car not a company car. If you are doing more than 10,000 a year the rate will be 25p per mile.
http://www.hmrc.gov.uk/rates/travel.htm
It's based not only on the fuel you use but you have to insure the car for work , not just social & domestic or commuting and of course wear and tear.
For guidance you can check the inland revenue site. If you're doing less than 10,000 miles a year you sholud be getting 40p per mile for a 1600cc if it's your car not a company car. If you are doing more than 10,000 a year the rate will be 25p per mile.
http://www.hmrc.gov.uk/rates/travel.htm
It's based not only on the fuel you use but you have to insure the car for work , not just social & domestic or commuting and of course wear and tear.
I have to challenge Pug100's use of the word 'should' in that first post.
The HMRC figures indicate the maximum amounts that they'll accept as legitimate 'expenses' (which don't get taxed). For example, if someone was paid 50p per mile (for under 10,000 miles), the tax man would regard 40p per mile as untaxed expenses but charge tax on the other 10p per mile.
The maximum tax-free rates (i.e. 40p per mile up to 10,000 miles and 25p per mile thereafter) are what MPs receive but most people are paid less than the maximum tax-free figures.
It probably costs about 14p per mile to pay for the fuel in your car. So 28p per mile expenses pays you an additional 14p per mile to cover the extra wear and tear on your car (and the higher insurance premium) because you're using it for business. That's quite generous compared to what some companies offer.
I make part of my living from supervising traffic surveys and pedestrian/cyclist questionnaires on behalf of local councils and national transport bodies. This involves travelling across large areas of the country. The firm I contract for pay 17p per mile. Some of us are currently campaigning to get this raised to somewhere in the range of 20p to 25p per mile. 17p per mile might not sound particularly generous but most of the rival firms, in the traffic survey business, pay nil.
Chris
The HMRC figures indicate the maximum amounts that they'll accept as legitimate 'expenses' (which don't get taxed). For example, if someone was paid 50p per mile (for under 10,000 miles), the tax man would regard 40p per mile as untaxed expenses but charge tax on the other 10p per mile.
The maximum tax-free rates (i.e. 40p per mile up to 10,000 miles and 25p per mile thereafter) are what MPs receive but most people are paid less than the maximum tax-free figures.
It probably costs about 14p per mile to pay for the fuel in your car. So 28p per mile expenses pays you an additional 14p per mile to cover the extra wear and tear on your car (and the higher insurance premium) because you're using it for business. That's quite generous compared to what some companies offer.
I make part of my living from supervising traffic surveys and pedestrian/cyclist questionnaires on behalf of local councils and national transport bodies. This involves travelling across large areas of the country. The firm I contract for pay 17p per mile. Some of us are currently campaigning to get this raised to somewhere in the range of 20p to 25p per mile. 17p per mile might not sound particularly generous but most of the rival firms, in the traffic survey business, pay nil.
Chris
Dear Chris, (alias Buenchico) thanks very much for detailed and helpful reply. Having spoken to someone who works for a charity, they only recive 18p per mile and I agree with you regarding PUG100's "should". Thanks, Anne
McNoodle - and they say the NHS has no money.... see above.
Panic Button - you must be living in a dream world, either that or are very well paid or do not need a job!
McNoodle - and they say the NHS has no money.... see above.
Panic Button - you must be living in a dream world, either that or are very well paid or do not need a job!
Perhaps I am dreaming, but I would not agree if my employer told me I had to use my own car. If it was damaged in an accident, irrespective of whose fault, you can be sure the company wouldn't supply me with alternative transport on my time off.
Oh, and I used to have a job which involved a lot of travelling to train staff, and I was always given a hire car.
Oh, and I used to have a job which involved a lot of travelling to train staff, and I was always given a hire car.
I wish you the very best of luck, and I hope the job works out well. My condolences for your sad loss.
Be careful on the insurance. If you are just insured social, domestic and pleasure plus driving to work, then you could come a cropper in a claim if they realised you were driving on business.
Either square it with your insurers first, or be very careful what you say in any claim.
Be careful on the insurance. If you are just insured social, domestic and pleasure plus driving to work, then you could come a cropper in a claim if they realised you were driving on business.
Either square it with your insurers first, or be very careful what you say in any claim.
I think that people who are employed to do a job of work should get any and all costs incured paid back to them.
I work for a mental health 'charitable' organisation and we pay 40p per mile to our volunteers, but now that the cost of petrol has rocketed up, they who do the traveling want us to increase it to 80p per mile. We can't afford to do this and will no doubt loose volunteers due to this increase in petrol cost.
Some groups in this region, North Wales, have already increaes the millage rate to 80p per mile and are suffering for it financially, as this cost was not factored into the budget. It's either pay up or loose volunteers.
When do we think the tax allowance will carch up with the rate of 80p per mile?
I work for a mental health 'charitable' organisation and we pay 40p per mile to our volunteers, but now that the cost of petrol has rocketed up, they who do the traveling want us to increase it to 80p per mile. We can't afford to do this and will no doubt loose volunteers due to this increase in petrol cost.
Some groups in this region, North Wales, have already increaes the millage rate to 80p per mile and are suffering for it financially, as this cost was not factored into the budget. It's either pay up or loose volunteers.
When do we think the tax allowance will carch up with the rate of 80p per mile?
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