Business mileage tax relief
Discussion
Quick question, for the last two months I've done well over 1000 miles extra mileage going to different locations for work, training and supporting teams. I get 30ppm which I get as cash with vat fuel receipt as proof. Someone told me about a hmrc p87 form which apparently enables me to claim extra due to my employer paying below the recommended 45ppm rate? Any truth in this?
Deva Link said:
It'll be 20% then. So for 1000 miles you'll get £30. Yay!
Remember to keep records of the journeys too - where from and to, and what the purpose was. Keep them for 6 years.
Really, as I said esrlier, if you're an occasional user the firm should pay you the full 45p. Suggest they hire you a car instead.
Oh well better than a kick in the nads! No chance on getting the full mileage amount, they're a tight, Northern but national retailer. Working it out it's actually quite a lot more than 1000 miles so will be worth doing. So do I just fill out and submit a p87 by April? Remember to keep records of the journeys too - where from and to, and what the purpose was. Keep them for 6 years.
Really, as I said esrlier, if you're an occasional user the firm should pay you the full 45p. Suggest they hire you a car instead.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff