Ahhh sweet revenge
Discussion
Fotic said:
Maybe you need a cheaper car if you can't afford to run it on your own?
I'm not convinced this threads going the way you'd hoped and I'm sure you must live at home still.
I think that's not a reasonable statement. The guy might only do 60 miles a year on business. He shouldn't have to subsidise his work. I'm not convinced this threads going the way you'd hoped and I'm sure you must live at home still.
Maybe this is just someone jealous of the OP having a big Merc.
For the sums involved though, I wouldn't have made a big deal at work, even if I was leaving.
Kiltie said:
Pistom said:
For the sums involved though, I wouldn't have made a big deal at work, even if I was leaving.
I wouldn't have made a big deal at work particularly if I was leaving.I hope the OP's new venture works out and he doesn't end up looking for a job back at his old employers.
Hmrc pay you the difference between the ppm your employer gives you and the Hmrc suggested level but multiply this by your marginal tax rate ie if the difference is 30 p and you drive 100 miles and you are earning into the 40% bracket then they give you £12 if you claim. If you think about it they are broadly passing on the extra corporation tax that the company paid by not giving you full whack ie the less they reimburse, the higher their profit, the higher their tax but the tax is only a % of the profit so I think that's part of the rationale.
Btw - can't really understand moaning about this if you have a 5.4l merc. If you were that precious about money surely you'd be concerned about your weekend fuel cost? Or is this a wind up? As others have said, it's give and take. It's like me travelling long haul for work on a Sunday but having much of our holidays being paid for on avios.
Btw - can't really understand moaning about this if you have a 5.4l merc. If you were that precious about money surely you'd be concerned about your weekend fuel cost? Or is this a wind up? As others have said, it's give and take. It's like me travelling long haul for work on a Sunday but having much of our holidays being paid for on avios.
Hmrc pay you the difference between the ppm your employer gives you and the Hmrc suggested level but multiply this by your marginal tax rate ie if the difference is 30 p and you drive 100 miles and you are earning into the 40% bracket then they give you £12 if you claim. If you think about it they are broadly passing on the extra corporation tax that the company paid by not giving you full whack ie the less they reimburse, the higher their profit, the higher their tax but the tax is only a % of the profit so I think that's part of the rationale.
Btw - can't really understand moaning about this if you have a 5.4l merc. If you were that precious about money surely you'd be concerned about your weekend fuel cost? Or is this a wind up? As others have said, it's give and take. It's like me travelling long haul for work on a Sunday but having much of our holidays being paid for on avios.
Btw - can't really understand moaning about this if you have a 5.4l merc. If you were that precious about money surely you'd be concerned about your weekend fuel cost? Or is this a wind up? As others have said, it's give and take. It's like me travelling long haul for work on a Sunday but having much of our holidays being paid for on avios.
R1 Indy said:
On reflection, and a day to think, I was probably making a lot out of a little 
And looking at the cold weather coming, I might rather pay the extra to be in a nice warm Merc, rather than many hours In a freezing train station!
Oh and what's this got to do with bloody finance!
I notice that the OP was posted late Friday night/early Sunday. I find that a lot of small insignificant crap can build up over the week. Once you've slept on it over a weekend you have a clearer view. And looking at the cold weather coming, I might rather pay the extra to be in a nice warm Merc, rather than many hours In a freezing train station!
Oh and what's this got to do with bloody finance!
Not sure why some are suggesting that the OP was a wind up.
I found the HMRC stuff interesting. That in itself is disturbing.
32p a mile is pretty stingy and I don't think it is a bad thing to raise it with an employer. At our Company when the ppm was even less, nobody made a big argument about it but a note was sent to the Directors laying out how the cost of motoring had increased in the past 5 years and the directors came back with a reasonable increase.
We are lucky in that our company year on year has never made a loss in 60 years of trading so the Directors can pay everybody in a reasonable manner but ppm is one of those figures that tends to get overlooked every year and only gets raised when the difference gets too big.
I don't thing we would have got the same result if the argument was that I couldn't run a V8 Merc on the stingy ppm.
Condi said:
The way I understood it - and I could be very very wrong here - is that the rate is set at 45ppm by HMRC. They will make good any lower payment by way of changing next year's tax code.
So, if I get paid 20ppm by my employer, and do 1000 miles, I get £200 from work, then HMRC reduce my tax code by £250, effectively 'giving' me the extra 25ppm to make it up to 45ppm?
This is what HMRC says on the matter, although I cant make head nor tail of it?
For example, you use your own car for 900 business miles and your employer pays you 30p per mile. The approved amount is £405 (900 times 45p). The allowance you get from your employer is £270 (900 times 30p). Your Mileage Allowance Relief is £135 (£405 less £270). The Mileage Allowance Relief will reduce the amount of income you pay tax on, so your tax bill will reduce by £135 at 20% (if you're a basic rate taxpayer) or at 40% (if you're a higher rate taxpayer) and at 50% (if you're an additional rate taxpayer)
Although by the looks of things, maybe I only get 20%/40%/50% of the extra?
Complicated s
t....
That's right, I get 15p per mile...( Although just reduced to 14p ). I claim tax relief on the difference to the 45p rate. So I get back 40% of 30p.So, if I get paid 20ppm by my employer, and do 1000 miles, I get £200 from work, then HMRC reduce my tax code by £250, effectively 'giving' me the extra 25ppm to make it up to 45ppm?
This is what HMRC says on the matter, although I cant make head nor tail of it?
For example, you use your own car for 900 business miles and your employer pays you 30p per mile. The approved amount is £405 (900 times 45p). The allowance you get from your employer is £270 (900 times 30p). Your Mileage Allowance Relief is £135 (£405 less £270). The Mileage Allowance Relief will reduce the amount of income you pay tax on, so your tax bill will reduce by £135 at 20% (if you're a basic rate taxpayer) or at 40% (if you're a higher rate taxpayer) and at 50% (if you're an additional rate taxpayer)
Although by the looks of things, maybe I only get 20%/40%/50% of the extra?
Complicated s
t.... R1 Indy said:
Had a slight disagreement with my boss today over him making me go on a stty, boring 2 hour training course next week 30 miles away, and him refusing to pay more that 32p a mile, which doesn't even cover the fuel of a 5.4L AMG Merc!
Oh and I'm leaving the company in jan. which he knows, so kind of pointless going anyway.
But the discussion resulted in being told I either drive my car at 32p a mile or catch a bus or train and claim cost.
Just looked at rail times and prices, and will cost £26 for both legs, and take up about 6 hours of the working day in waiting and train time as there is a switch both ways, and only a train every 2 hours.
So instead of a 30 min drive each way and 6 hours back at work, I will be spending the majority of my working day doing nothing
If only he had offered another 10p a mile, can't wait to submit the claim
Maybe that's his way of getting you out of the office, looks like he is one up on you. tty, boring 2 hour training course next week 30 miles away, and him refusing to pay more that 32p a mile, which doesn't even cover the fuel of a 5.4L AMG Merc!Oh and I'm leaving the company in jan. which he knows, so kind of pointless going anyway.
But the discussion resulted in being told I either drive my car at 32p a mile or catch a bus or train and claim cost.
Just looked at rail times and prices, and will cost £26 for both legs, and take up about 6 hours of the working day in waiting and train time as there is a switch both ways, and only a train every 2 hours.
So instead of a 30 min drive each way and 6 hours back at work, I will be spending the majority of my working day doing nothing
If only he had offered another 10p a mile, can't wait to submit the claim
I have a Seat Mii as an econobox commuter for sitting in traffic, doing the school run, town centre car parks, etc. I get about 50mpg on average out of it (closer to 70mpg on the long runs - but it isn't really a long run kind of car).
Unleaded is currently about £6 per gallon (130ppl x 4.544). So that works out at 12p per mile for a fartbox. So a 3.0 V6 getting 25mpg would be more like 24p per mile. I agree that 32ppm (19mpg?) should cover the costs of petrol for all but the most thirsty of cars.
But that ignores all the other marginal costs of running a car - servicing, wear and tear (tyres), depreciation, etc.
My company has just changed the mileage allowance from 45ppm to 15ppm. By including it in my tax return (i.e. including the difference between 45ppm and 15ppm) I can effectively make that up to about 27ppm (15 + 40% x 30). I reckon that still probably doesn't cover the real cost of running the Mii, though. Anything interesting would cost a lot more than that to run.
Using the same logic means the OP would be getting around 37ppm (i.e. 32+ 40% x 13), assuming he is a 40% tax payer, so pretty close to the full 45ppm. But if he doesn't do a tax return already then it is a bit of a faff for such a minimal extra tax deduction. If company mileage was a lot pa then fair enough, but it sounds like it is pretty unusual for the OP.
So the change (for me) is a bit annoying but not worth making a fuss over. I probably will get trains a bit more going forward when it's - but that's not too bad a thing as I can usually do some work on a train.
Why is the OP being sent on a training course when he's leaving the company?
Unleaded is currently about £6 per gallon (130ppl x 4.544). So that works out at 12p per mile for a fartbox. So a 3.0 V6 getting 25mpg would be more like 24p per mile. I agree that 32ppm (19mpg?) should cover the costs of petrol for all but the most thirsty of cars.
But that ignores all the other marginal costs of running a car - servicing, wear and tear (tyres), depreciation, etc.
My company has just changed the mileage allowance from 45ppm to 15ppm. By including it in my tax return (i.e. including the difference between 45ppm and 15ppm) I can effectively make that up to about 27ppm (15 + 40% x 30). I reckon that still probably doesn't cover the real cost of running the Mii, though. Anything interesting would cost a lot more than that to run.
Using the same logic means the OP would be getting around 37ppm (i.e. 32+ 40% x 13), assuming he is a 40% tax payer, so pretty close to the full 45ppm. But if he doesn't do a tax return already then it is a bit of a faff for such a minimal extra tax deduction. If company mileage was a lot pa then fair enough, but it sounds like it is pretty unusual for the OP.
So the change (for me) is a bit annoying but not worth making a fuss over. I probably will get trains a bit more going forward when it's - but that's not too bad a thing as I can usually do some work on a train.
Why is the OP being sent on a training course when he's leaving the company?
My Boss is a really decent bloke, and I work for a great company, yet I suspect if I asked him to cover the additional fuel costs if I decided to buy a V8 daily he'd say no, or call me a silly wker.
Well done OP, you've signed yourself up for 6 hours of public transport over the princely sum of £6, that'll learn him.
ker. Well done OP, you've signed yourself up for 6 hours of public transport over the princely sum of £6, that'll learn him.
R1 Indy said:
On reflection, and a day to think, I was probably making a lot out of a little
And looking at the cold weather coming, I might rather pay the extra to be in a nice warm Merc, rather than many hours In a freezing train station!
Oh and what's this got to do with bloody finance!
Thing is, R1, I agree with your original post.... hear me out first!And looking at the cold weather coming, I might rather pay the extra to be in a nice warm Merc, rather than many hours In a freezing train station!
Oh and what's this got to do with bloody finance!
Why is it acceptable for an employee to personally foot any work expenses?
In my book, it isnt. If the company would you like you to travel out of your way, then they should pay, simple as.
R1 Indy said:
Had a slight disagreement with my boss today over him making me go on a stty, boring 2 hour training course next week 30 miles away, and him refusing to pay more that 32p a mile, which doesn't even cover the fuel of a 5.4L AMG Merc!
Oh and I'm leaving the company in jan. which he knows, so kind of pointless going anyway.
But the discussion resulted in being told I either drive my car at 32p a mile or catch a bus or train and claim cost.
Just looked at rail times and prices, and will cost £26 for both legs, and take up about 6 hours of the working day in waiting and train time as there is a switch both ways, and only a train every 2 hours.
So instead of a 30 min drive each way and 6 hours back at work, I will be spending the majority of my working day doing nothing
If only he had offered another 10p a mile, can't wait to submit the claim
Hate to say it but you sound like its you thats being petty.tty, boring 2 hour training course next week 30 miles away, and him refusing to pay more that 32p a mile, which doesn't even cover the fuel of a 5.4L AMG Merc!Oh and I'm leaving the company in jan. which he knows, so kind of pointless going anyway.
But the discussion resulted in being told I either drive my car at 32p a mile or catch a bus or train and claim cost.
Just looked at rail times and prices, and will cost £26 for both legs, and take up about 6 hours of the working day in waiting and train time as there is a switch both ways, and only a train every 2 hours.
So instead of a 30 min drive each way and 6 hours back at work, I will be spending the majority of my working day doing nothing
If only he had offered another 10p a mile, can't wait to submit the claim
Its only a 60 mile round trip and your boss will give you £19 for it so you'll hardly be out of pocket much plus you can claim tax back on the difference up to 45p.
Don't fall out over a pound. You did choose a 5.4 litre car which isn't normal.
extraT said:
Thing is, R1, I agree with your original post.... hear me out first!
Why is it acceptable for an employee to personally foot any work expenses?
In my book, it isnt. If the company would you like you to travel out of your way, then they should pay, simple as.
So if the OP had a private helicopter the company should fund that? Why is it acceptable for an employee to personally foot any work expenses?
In my book, it isnt. If the company would you like you to travel out of your way, then they should pay, simple as.
They have to draw the line somewhere and they draw it at 32p/mile. Pretty sure the OP wouldn't be refunding the company below this so why should they refund him above it because he drives a particularly inefficient car?
Zigster said:
I have a Seat Mii as an econobox commuter for sitting in traffic, doing the school run, town centre car parks, etc. I get about 50mpg on average out of it (closer to 70mpg on the long runs - but it isn't really a long run kind of car).
Unleaded is currently about £6 per gallon (130ppl x 4.544). So that works out at 12p per mile for a fartbox. So a 3.0 V6 getting 25mpg would be more like 24p per mile. I agree that 32ppm (19mpg?) should cover the costs of petrol for all but the most thirsty of cars.
But that ignores all the other marginal costs of running a car - servicing, wear and tear (tyres), depreciation, etc.
My company has just changed the mileage allowance from 45ppm to 15ppm. By including it in my tax return (i.e. including the difference between 45ppm and 15ppm) I can effectively make that up to about 27ppm (15 + 40% x 30). I reckon that still probably doesn't cover the real cost of running the Mii, though. Anything interesting would cost a lot more than that to run.
Using the same logic means the OP would be getting around 37ppm (i.e. 32+ 40% x 13), assuming he is a 40% tax payer, so pretty close to the full 45ppm. But if he doesn't do a tax return already then it is a bit of a faff for such a minimal extra tax deduction. If company mileage was a lot pa then fair enough, but it sounds like it is pretty unusual for the OP.
So the change (for me) is a bit annoying but not worth making a fuss over. I probably will get trains a bit more going forward when it's - but that's not too bad a thing as I can usually do some work on a train.
My maths might well be way out here, but if for example, you do 5k business miles a year, and pay £1.30/litre for petrol, wouldn't that leave you with around £760 to cover servicing and insurance. On a Mii, what will you spend the remaining £740 on? Unleaded is currently about £6 per gallon (130ppl x 4.544). So that works out at 12p per mile for a fartbox. So a 3.0 V6 getting 25mpg would be more like 24p per mile. I agree that 32ppm (19mpg?) should cover the costs of petrol for all but the most thirsty of cars.
But that ignores all the other marginal costs of running a car - servicing, wear and tear (tyres), depreciation, etc.
My company has just changed the mileage allowance from 45ppm to 15ppm. By including it in my tax return (i.e. including the difference between 45ppm and 15ppm) I can effectively make that up to about 27ppm (15 + 40% x 30). I reckon that still probably doesn't cover the real cost of running the Mii, though. Anything interesting would cost a lot more than that to run.
Using the same logic means the OP would be getting around 37ppm (i.e. 32+ 40% x 13), assuming he is a 40% tax payer, so pretty close to the full 45ppm. But if he doesn't do a tax return already then it is a bit of a faff for such a minimal extra tax deduction. If company mileage was a lot pa then fair enough, but it sounds like it is pretty unusual for the OP.
So the change (for me) is a bit annoying but not worth making a fuss over. I probably will get trains a bit more going forward when it's - but that's not too bad a thing as I can usually do some work on a train.
Burrito said:
My maths might well be way out here, but if for example, you do 5k business miles a year, and pay £1.30/litre for petrol, wouldn't that leave you with around £760 to cover servicing and insurance. On a Mii, what will you spend the remaining £740 on?
New tyres: £5
Fluffy dice £10
Crap - that's about it (well, maybe depreciation as well)
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