Paulo P

iTrader: (42)

Hi All

My Fiancee has gone away on a course and has taken her own car because she doesn't have a company car. My company pays out 45p a mile for 1501 - 2000 cc for the first 4000 miles if it's a private car. Does this apply to everone as a rule or is this just my company?

Thanks

Paul

Dunk

iTrader: (1)

There is no statutory obligation, it's dictated by the company policy. Depending on the circumstances you can claim some back from the IR.

D

RB5320

depends on the company. At our place we used to pay 60 p per mile but it is now 40 p, regardless of engine size as the IR rules on private mileage have changed. If your GF's company dont have a set figure, then the AA have some guidelines. Unfortunately I cant remember what they are. So not much help to you really.

Steve

ChrisB

Company policy for the amount usually. IR do set an Authorised Mileage Rate which has some notes about how this can impact on your tax position.

Goochie

I believe that you can claim 40p per mile plus an additional 5p per mile for a passenger TAX FREE. Any ammount above this becomes taxable.

248SPG

We pay our guys 40p per mile for the first 10,000 and 25p every mile after that per financial year.

From what I remember it was the maximum we could give to employees that DO NOT get a car allowance.

Could be remembering wrong though

Paulo P

iTrader: (42)

Hi All

Thanks for the speedy replies. That was the sort of reply I was hoping for She is totally un-aware of what she is supposed to claim and thought they just paid her fuel which I said is wrong.

Thanks

Paul

Missile Man

The link above shows old rates. New rules applied from 6 April 2002, based on what the Inland Revenue call an Approved Mileage Allowance Payment (AMAP).

Basically employers can pay up to 40p/mile (first 10,000 miles) or 25p/mile thereafter, and the payment is free of tax. If they pay more, the employee has an additional tax liability. If they pay less, the employee can claim tax relief.

Full details are in Inland Revenue leaflet no. IR124 (try typing in AMAP into the Quick Search box on the IR website).

[Edited by Missile Man - 11/11/2003 5:23:06 PM]