I receive a fixed monthly payment instead of a Co Car.
I claim mileage payments at a reduced rate.
My question is , does the car allowance I receive mean I can not claim the difference between the mileage rate I get paid and the approved tax rates?
Also, I can not seem to find the lower rates on the Inland Rev website?
Replies (4)
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Car allowance not relevant
If your car allowance is added on to your salary and taxed then it has nothing to do with the milage you can claim back.
If for instance you are paid 18p / mile from your employer then you can claim the difference of 22p / mile for the first 10,000 miles and 7p / mile for any subsequent miles using form P87 which can be printed from the HRMC site.
Carol
Clarification ?
That should be "40% for the first 10,000 miles in the accounting year, 25% for any mileage thereafter ..."