Re: Rates on business miles

On Fri, 09 Feb 2007 20:17:36 GMT, Ronald Raygun
<no.spam@xxxxxxxxxxxxxxxxxxxxx> wrote:

For 40k business miles you can be paid £11k5 tax free.
If your employer is paying you £7k2 tax/NI free this means you
can get tax/NI back on £4k3.
If your employer is deducting tax/NI from your £4k3 it means
you can get tax/NI back on £11k5 of your income, so you could be
looking at a £3800 tax refund.


Thanks for your 'speedy' reply Ronald, much appreciated - especially
after scouring hmrc.gov.uk for hours!

Si
.