company mileage

[blobert07]

Can someone explain how I claim company mileage, 45 ppm and 25 ppm on fuel when I don't buy fuel. ??? I can claim £7 k + a year which may help fund the car ?

 

[mgboyes]

Can someone explain how I claim company mileage, 45 ppm and 25 ppm on fuel when I don't buy fuel. ??? I can claim £7 k + a year which may help fund the car ?

if you use a privately owned vehicle for business travel you can claim per mile from your employer at 45p/25p per mile. That's not for fuel - it's for everything: depreciation, insurance, maintenance, tax (and fuel) etc. it applies irrespective of how your car is fuelled.

 

[dpeilow]

Yes true, a Leaf driving colleague was claiming the whole 45p back through his tax return.

 

[smac]

The only minor spanner in the works is VAT reclaim from the company perspective.

Some employers like VAT receipts for the fuel portion (i.e. up to the approved company car rates, as it means they can reclaim VAT on the fuel portion.) I have heard of some people getting their claims bounced by overly strict requirements of the accounting department without fuel receipts covering this amount of VAT.

This only makes it a timing issue though, as you can reclaim it at self assessment time from HMRC (as dpeilow suggests)

 

[blobert07]

Many thx for the clarity

 

[TC56]

Check the rates on the HMRC website. They've changed, downwards...