Re: Taxation on Fuel for company mileage
- From: "Andy Pandy" <spam8times@xxxxxxxxxxxxxxxxxxxxxx>
- Date: Wed, 31 May 2006 19:25:22 +0100
<quietbiker@xxxxxxxxx> wrote in message
news:1149061459.124561.22140@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Hi,
I've recently been shown my employers policy on claiming back mileage
for buisness travel.
I have a company car - 2L SRI Vectra Petrol.
Currently I can claim £0.12 per mile - which I understand is capped by
the IR.
Yes. See:
http://www.hmrc.gov.uk/cars/advisory_fuel_current.htm
In todays 96p/litre for petrol - I'm making a loss for
buisness mileage..
Probably.
The item of confusing is related to where to claim mileage from, or the
calculations for mileage...
ie.
A....B.....C
I live a "B", work at "C" and have a project based at "A". I leave
home "B" and drive straight to "A".
The current policy states I have to deduct mileage from home to my
normal place of work from the mileage claim to "A"
My employer states that this is due to "Customs and Revenue rules".
No it isn't. If C is your permanent workplace and A is genuinely a temporary
workplace (ie you're not there for more than a few months IIRC), and A and C aren't
close together (eg offices in the same town), then the *whole* of the mileage from B
to A is business mileage. Even if it's less than your normal commute. See:
http://www.hmrc.gov.uk/manuals/eimanual/EIM32300.htm
http://www.hmrc.gov.uk/manuals/eimanual/EIM32307.htm
Of course those are IR rules, your company may still insist you deduct commuting
mileage from your expense claim - but if they do you can claim tax relief on the
difference between what the IR allow and what your employer pays.
--
Andy
.
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