Re: The Wrong Type of Insult!



On Fri, 12 Oct 2007 13:04:35 +0100, "Nigel Cliffe" <me@xxxxxxxxxxx>
wrote:

Dylan Smith wrote:
On 2007-10-11, Al C-F
<aloysius_cholmondeley_featherstonehawe@xxxxxxxxxxx> wrote:
My workplace provides business use cover for our private cars
(including reimbursing us at 50p a mile).

That's a remarkably good rate. I trust you tell the tax man.

It's an expense, and is not taxable. (Actaully, our employer I think
reports this anyway, but it's certainly not taxable). It might not
look so remarkably good when you realise that the cheapest unleaded
here last
time I filled up was 105p/litre - and most journeys made for business
purposes are likely to be short (i.e. the highest wear and tear on the
vehicle, as well as having the worst fuel economy).

Oh dear, assuming you are in the UK and paying UK taxes...

I believe Dylan is a Manxman.


--

Tim

fast and gripping, non pompous, glossy and credible.
.



Relevant Pages

  • Re: The Wrong Type of Insult!
    ... reimbursing us at 50p a mile). ... I trust you tell the tax man. ... It's an expense, and is not taxable. ...
    (uk.rec.cycling)
  • Re: The Wrong Type of Insult!
    ... reimbursing us at 50p a mile). ... I trust you tell the tax man. ...
    (uk.rec.cycling)
  • Re: Flash retention in uC at higher temps, experience?
    ... What is you experience with respect to flash errors on uC that are ... you said "But some bad experiences in storing data into the ... hospital and 20 minutes to the PDX international airport, a 17 mile ... problem with the property tax rates up there. ...
    (sci.electronics.design)
  • Re: OT - Where Your Tax Dollars Go...Well At Least $410 Billion of It
    ... That is one reason I say the inheritance tax is not very ... Dan, I am not a trust lawyer any more than you are, but I think you are ... A charitable trust just for your ...
    (rec.crafts.metalworking)
  • Re: More on "charge drivers by the mile"
    ... from general tax funds, and, as people increasingly switch to other ... the gas tax will be increasingly inadequate as a user fee. ... with a system that would charge drivers a fee per mile driven. ... and also consume more fuel. ...
    (misc.transport.road)