Mileage allowance - 45p/25p

I had a feeling that at some point the Revenue have said that the (now) 45p/25p AMAP rate is "representative" rather than being intended to cover the full cost so it shouldn't be taken as authoritative on the cost of running a car. However, I now can't find where I've seen that. Can anyone help? (I may be remembering/looking for somthing that doesn't exist.)

Obviously some people will make a profit and some will make a loss at those rates, and it's far simpler than the old FPCS - but that's me saying that rather than the Revenue.

 

 

Comments
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My understanding ...

Steve Holloway |
Steve Holloway's picture

AA car costs

Paul Scholes |
Paul Scholes's picture

Client who pays less

MJShone |

The sums paid are taxable

Paul Scholes |
Paul Scholes's picture

Yes - Paul - amount paid is being taxed

MJShone |

Tell them they should be grateful for anything

valentino rossi |
valentino rossi's picture

I entirely agree!

MJShone |

Mileage allowances

rc.falconer |

From my experience

pauljohnston |

Mileage Allowance

Vince54 |

Thanks for replies so far...

MJShone |

A starting point?

Marion Hayes |
Marion Hayes's picture

Thanks Marion

MJShone |

Marion ...

Old Greying Accountant |
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I can open the links

MJShone |

b****r

Old Greying Accountant |
Old Greying Accountant's picture

Bizarre...

Old Greying Accountant |
Old Greying Accountant's picture

It is OK ...

Old Greying Accountant |
Old Greying Accountant's picture

Glad you sorted it out

Marion Hayes |
Marion Hayes's picture

If you're interest in this issue, try our company car group

John Stokdyk |
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