Mileage claims

[Leftie]

So, first 10,000 miles a year is at 40p then it drops back to, was it 25P?


I presume this is a personal allocation, not an allocation to the vehicle? So if I do 10,000 and my co-director does 10,000, we can both get the 40p rate in the same car?

Just some journies it doesn't matter which if us does it, but if she takes my car can she still claim the 40p a mileup to 10,000 miles?

[Eric Mc]

It's personal - so as long as the miles claimed are genuine, every individual can claim up to THEIR limits.

[stevieb]

Leftie said:

So, first 10,000 miles a year is at 40p then it drops back to, was it 25P?


I presume this is a personal allocation, not an allocation to the vehicle? So if I do 10,000 and my co-director does 10,000, we can both get the 40p rate in the same car?

Just some journies it doesn't matter which if us does it, but if she takes my car can she still claim the 40p a mileup to 10,000 miles?

I take it you are sharing milage with the wife (co-director)

Also you IIRC you can claim for a passenger as well...

Steve

stevieb said:

Leftie said:

So, first 10,000 miles a year is at 40p then it drops back to, was it 25P?


I presume this is a personal allocation, not an allocation to the vehicle? So if I do 10,000 and my co-director does 10,000, we can both get the 40p rate in the same car?

Just some journies it doesn't matter which if us does it, but if she takes my car can she still claim the 40p a mileup to 10,000 miles?

I take it you are sharing milage with the wife (co-director)

Also you IIRC you can claim for a passenger as well...

Steve

Yes, we have just got rid of one of the company cars because the company car tax was killing me, but the other car isn't suitable for most jobs (Elise has the boot space for lingerie only) so we have bought our own car for the day to day work. I have never claimed for a passenger actually, because until now we have had company cars.

We do about 14000 business miles a year between us, so we'll probably split it, although a decent amount of journeys we do together so it matters not how the split falls.

[jgmadkit]

sorry to barge in on this thread but it is on similar lines to a question I have....

I've got a 9-5 job, fully employed, it involves doing mileage for which I use my own vehicle get an essential allowance per month and 30p a mile thereafter for the first 10k miles, it reduces to something else after that.

Also I'm a director of my own ltd company for which I also do mileage for which I claim, this time 40p a mile. My question is do I just get 1 10k mile allowance between the two jobs or are they treated seperately?

Cheers, John

[stevieb]

jgmadkit said:

sorry to barge in on this thread but it is on similar lines to a question I have....

I've got a 9-5 job, fully employed, it involves doing mileage for which I use my own vehicle get an essential allowance per month and 30p a mile thereafter for the first 10k miles, it reduces to something else after that.

Also I'm a director of my own ltd company for which I also do mileage for which I claim, this time 40p a mile. My question is do I just get 1 10k mile allowance between the two jobs or are they treated seperately?

Cheers, John

I believe it is personal allowance. so you get 10k miles @ 40p/mile and the the rest @ 25p/mile. Even though you have 2 jobs makes no difference.

Steve

[stevieb]

said:

stevieb said:

Leftie said:

So, first 10,000 miles a year is at 40p then it drops back to, was it 25P?


I presume this is a personal allocation, not an allocation to the vehicle? So if I do 10,000 and my co-director does 10,000, we can both get the 40p rate in the same car?

Just some journies it doesn't matter which if us does it, but if she takes my car can she still claim the 40p a mileup to 10,000 miles?

I take it you are sharing milage with the wife (co-director)

Also you IIRC you can claim for a passenger as well...

Steve

Yes, we have just got rid of one of the company cars because the company car tax was killing me, but the other car isn't suitable for most jobs (Elise has the boot space for lingerie only) so we have bought our own car for the day to day work. I have never claimed for a passenger actually, because until now we have had company cars.

We do about 14000 business miles a year between us, so we'll probably split it, although a decent amount of journeys we do together so it matters not how the split falls.

As long as you can ultimately prove/convince the tax man who was driving and if you both went on the business trip then split the claim and make the most of the allowance. I do not know how picky they can be over this allowance split.

Steve

[Eric Mc]

With all husband/wife business arrangements (directorship/partnerships) there lurks the spectre of the "Anti-Settlement" legislation (formerly Section 660a ICTA). Just ensure that there are no blatant attempts to "split" income between individuals purely to maximise tax allowances and bands.
Make sure that all such allocations of costs between the directors are fully justified and fully supported by back-up paperwork and records.

[Leftie]

Eric Mc said:

With all husband/wife business arrangements (directorship/partnerships) there lurks the spectre of the "Anti-Settlement" legislation (formerly Section 660a ICTA). Just ensure that there are no blatant attempts to "split" income between individuals purely to maximise tax allowances and bands.
Make sure that all such allocations of costs between the directors are fully justified and fully supported by back-up paperwork and records.

I am thinking mainly about the 'joint' journeys now, that perhaps she could fuel the car and claim the 40p rather than me. We share the running costs anyway (insurance, servicing etc)so it is a bit unfair that I claim the 40p all the time when only 9p is the fuel cost.