Mileage Expense Reclaim
Discussion
I'm consulting the oracle that is Pistonheads for some guidance regarding Business Mileage expenses. Please see my status below;
I do not have a Company car, i am however in receipt of a Cash allowance each month. I have purchased a car that conforms to the desired criteria and do circa 1000-1500 business miles per month. At the end of the month i submit a monthly mileage log along with a record of my business mileage expenses. These are calculated on the 11p/12p Government advisory rates ( Petrol car up to 1400cc - i think) so for my mileage i receive approx 1500 x 12p or whatever the figure is at the time.
I have been advised that in addition to the above i am eligible to receive an additional amount back from HMRC in relation to Business mileage. This is calculated on the AMAP rates of 45p up to 10,000 miles and 25p thereafter, minus the 12p i receive back from my company. Is this the case?
by way of an example; last month 1086 business miles paid at 12 p = so 130.32 received for Business mileage.So ive been told i can in addition claim: last month 1086 business miles calculated at 45p = 488.70 which i would have received under AMAPs. im told that i deduct the 130.32 i did receive from this figure and i can claim the difference, i.e 358.50 back. Surely this is too good to be true?!??!?!?
if so i am hopefully due a fair amount back, surely by being in receipt of a cash allowance i cannot receive anything over and above the standard business mileage as per the 11p? i am a little skeptical. If i am eligible for anything extra i am also very interested how long i could 'go back' with this as I have been in the above expenses scenario for circa 4 years.
Any help would be greatly appreciated
I do not have a Company car, i am however in receipt of a Cash allowance each month. I have purchased a car that conforms to the desired criteria and do circa 1000-1500 business miles per month. At the end of the month i submit a monthly mileage log along with a record of my business mileage expenses. These are calculated on the 11p/12p Government advisory rates ( Petrol car up to 1400cc - i think) so for my mileage i receive approx 1500 x 12p or whatever the figure is at the time.
I have been advised that in addition to the above i am eligible to receive an additional amount back from HMRC in relation to Business mileage. This is calculated on the AMAP rates of 45p up to 10,000 miles and 25p thereafter, minus the 12p i receive back from my company. Is this the case?
by way of an example; last month 1086 business miles paid at 12 p = so 130.32 received for Business mileage.So ive been told i can in addition claim: last month 1086 business miles calculated at 45p = 488.70 which i would have received under AMAPs. im told that i deduct the 130.32 i did receive from this figure and i can claim the difference, i.e 358.50 back. Surely this is too good to be true?!??!?!?
if so i am hopefully due a fair amount back, surely by being in receipt of a cash allowance i cannot receive anything over and above the standard business mileage as per the 11p? i am a little skeptical. If i am eligible for anything extra i am also very interested how long i could 'go back' with this as I have been in the above expenses scenario for circa 4 years.
Any help would be greatly appreciated
Hop said:
by way of an example; last month 1086 business miles paid at 12 p = so 130.32 received for Business mileage.So ive been told i can in addition claim: last month 1086 business miles calculated at 45p = 488.70 which i would have received under AMAPs. im told that i deduct the 130.32 i did receive from this figure and i can claim the difference, i.e 358.50 back. Surely this is too good to be true?!??!?!?
Any help would be greatly appreciated
You can claim a tax rebate on the difference between the AMAP rate and the actual amount paid by your employer, so in your example £358.50 x your appropriate rate (20%, 40% or whatever, the highest rate of tax you pay, as long as claiming the rebate does not push you back down a band).Any help would be greatly appreciated
The fact you have already had a car allowance doesn't matter, you have already been taxed as appropriate on it.
All of the above might not apply to the various employee's car ownership schemes that exist (not had one of those so don't know how they work)
Correct, 45p per mile for first 10k miles.
Go onto the HMRC website or search on google for HMRC mileage page, as it's a bit difficult to find. You can go through and claim tax relief on loads of things at the same time, clothing, home use etc when working from home, so I assume they've just made it intentionally difficult. You can claim back 3 years I believe.
My previous employer paid circa 14p per mile. I filled in the mileage from my expenses claims as a total and ended up getting a £1700 cheque in the post. Have done that every year now and it always seems to work out quite well.
This year is proving more difficult but I still expect a rebate of some sorts.
Send me a pm if you need any help
Go onto the HMRC website or search on google for HMRC mileage page, as it's a bit difficult to find. You can go through and claim tax relief on loads of things at the same time, clothing, home use etc when working from home, so I assume they've just made it intentionally difficult. You can claim back 3 years I believe.
My previous employer paid circa 14p per mile. I filled in the mileage from my expenses claims as a total and ended up getting a £1700 cheque in the post. Have done that every year now and it always seems to work out quite well.
This year is proving more difficult but I still expect a rebate of some sorts.
Send me a pm if you need any help
These are the links you need
https://www.gov.uk/tax-relief-for-employees
https://www.gov.uk/guidance/claim-income-tax-relie...
Took me about 20 minutes to fill in, I think, wasn't too hard. You need to know what you've been paid so far in mileage allowance, as well as your NI number, employers PAYE reference and some other personal details.
I got "flagged" for some extra screening where they just wanted me to let them know how much interest i had earned on my current account and ISA over the past 12 months, which didn't put me over any threshold, and then the money was with me about a week later, but my colleague who filled it in the same day didn't get flagged and had the money pretty swiftly
https://www.gov.uk/tax-relief-for-employees
https://www.gov.uk/guidance/claim-income-tax-relie...
Took me about 20 minutes to fill in, I think, wasn't too hard. You need to know what you've been paid so far in mileage allowance, as well as your NI number, employers PAYE reference and some other personal details.
I got "flagged" for some extra screening where they just wanted me to let them know how much interest i had earned on my current account and ISA over the past 12 months, which didn't put me over any threshold, and then the money was with me about a week later, but my colleague who filled it in the same day didn't get flagged and had the money pretty swiftly
I actually did this just yesterday.
if the difference in your expenses of what you employer has paid you and what you plan to claim tax relief on is more than £2,500 it'' tell you you'll have to submit a self assessment.
From what remember of the example it gave you'll be due £30 for every £150 you look to claim. So for just under 11k of business mileage my employer is paying .25p per mile, so I'm claiming "tax relief on the remaining .20p per mile (The difference between the .45p per mile rate) I will be getting a £430 rebate back in tax into my bank account in the next 5 days.
if the difference in your expenses of what you employer has paid you and what you plan to claim tax relief on is more than £2,500 it'' tell you you'll have to submit a self assessment.
From what remember of the example it gave you'll be due £30 for every £150 you look to claim. So for just under 11k of business mileage my employer is paying .25p per mile, so I'm claiming "tax relief on the remaining .20p per mile (The difference between the .45p per mile rate) I will be getting a £430 rebate back in tax into my bank account in the next 5 days.
dai1983 said:
I do this every year as I’m paid 20p per mile I travel and claim the tax rebate myself through my self assessment. There’s a couple of companies that charge the armed forces 30% of any rebate. f
k that as it’s so easy!
Oh yeah there's a few of these that are set up, its a bit like the PPI, but they prey on those who haven't realised the form to fill in is that simple.k that as it’s so easy! There's another out there for people who have to wash their uniform at home, apparently you can/could claim tax relief back on this. As such a few people I used to work with tried it on, claiming back,. and were then shocked to find out that the line item on their payslip that they'd never questioned before was this exact tax relief already being applied for them, and they'd never questioned this bonus couple of quid a week or whatever it was.
Shakermaker said:
Oh yeah there's a few of these that are set up, its a bit like the PPI, but they prey on those who haven't realised the form to fill in is that simple.
There's another out there for people who have to wash their uniform at home, apparently you can/could claim tax relief back on this. As such a few people I used to work with tried it on, claiming back,. and were then shocked to find out that the line item on their payslip that they'd never questioned before was this exact tax relief already being applied for them, and they'd never questioned this bonus couple of quid a week or whatever it was.
A couple of years ago the pay office did the uniform reclaim automatically for us. There’s an accountant married to a Marine who used to charge £50 per year claimed but it’s now £90 per year. I used her back when I didn’t have a clue but £90 is a fair chunk when I only really claim c£300 per annum and do most of the leg work to get the data anyway. There's another out there for people who have to wash their uniform at home, apparently you can/could claim tax relief back on this. As such a few people I used to work with tried it on, claiming back,. and were then shocked to find out that the line item on their payslip that they'd never questioned before was this exact tax relief already being applied for them, and they'd never questioned this bonus couple of quid a week or whatever it was.
I've just done this myself. If you haven't already sorted it, you can do it like this:
Ring HMRC and tell them the annual business mileage you are going to do this tax year. Then inform them of the amount per mile the employer is reimbursing. You'll then be given a figure that is the tax relief you're entitled to.
You have the choice then whether to receive this monthly in your tax code, or to claim for a lump sum at the end of the tax year.
Just keep your own personal mileage tracker and all fuel receipts for auditing purposes.
Ring HMRC and tell them the annual business mileage you are going to do this tax year. Then inform them of the amount per mile the employer is reimbursing. You'll then be given a figure that is the tax relief you're entitled to.
You have the choice then whether to receive this monthly in your tax code, or to claim for a lump sum at the end of the tax year.
Just keep your own personal mileage tracker and all fuel receipts for auditing purposes.
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