Current mileage reimbursement trends
Discussion
Hi,
I'm interested to know what the current general consensus is on mileage claim rates offered by employers.
No car allowance (it was, in effect, rolled into my annual salary on a recent salary adjustment). Due to grade within the business I can only claim the HMRC company car advisory rates, and then separately claim the tax difference.
Is this fairly widespread now?
Thanks,
I'm interested to know what the current general consensus is on mileage claim rates offered by employers.
No car allowance (it was, in effect, rolled into my annual salary on a recent salary adjustment). Due to grade within the business I can only claim the HMRC company car advisory rates, and then separately claim the tax difference.
Is this fairly widespread now?
Thanks,
Not particularly current, but our, £600-750/mth depending on job, allowance was also rolled into our salaries, then mileage was paid at 15p/mile.
Most of the £600/mth people were doing 25K/yr, paying tax at 40% so the allowance worked out about even for the firm but was a couple of £K better for employees (than being paid the full 45p/25p).
Trouble was that it wasn't long before people forgot about the allowance and never took the tax rebate into account and felt all they were getting for using their car was 15p/mile.
Most of the £600/mth people were doing 25K/yr, paying tax at 40% so the allowance worked out about even for the firm but was a couple of £K better for employees (than being paid the full 45p/25p).
Trouble was that it wasn't long before people forgot about the allowance and never took the tax rebate into account and felt all they were getting for using their car was 15p/mile.
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