A question about milage rates....
Discussion
jason61c said:
So, if you have an ev as a company car, its 4ppm.
However if you make the same trip in a 'normal/other' car, can you claim 27ppm/45ppm?
So a long motorway slog, where you don't want the hassle/faff of an EV, take another household car, can you claim the higher rates?
You will only be claiming the cost of the fuel usually in any company car. The 45ppm is for personal vehicles to cover fuel, maintenance, depreciation etc. In my experience of running both? You can't take a company car and then expect them to pay you 45ppm as you'd prefer to use your own car for long trips.However if you make the same trip in a 'normal/other' car, can you claim 27ppm/45ppm?
So a long motorway slog, where you don't want the hassle/faff of an EV, take another household car, can you claim the higher rates?
The considerable BIK saving on an EV should be more than enough to outweigh any underpayment in 'fuel' costs for the majority of drivers unless covering huge mileages?
langy said:
Uncle boshy said:
At our place it’s 11p on an ice company car or 4p on an ev. Only 45p in your own car if you don’t get a car allowance.
Same as mine, give or take 0.2pYou claim it back I think.
I thought it’s a sensible question. The tax savings only equal out.
If I claim 6000miles a year at 45ppm, it’s cheaper for me to run my e400d, at the minute and do what I choose with the allowance(currently I pension it). That’s why I’m battling with the figures.
I thought it’s a sensible question. The tax savings only equal out.
If I claim 6000miles a year at 45ppm, it’s cheaper for me to run my e400d, at the minute and do what I choose with the allowance(currently I pension it). That’s why I’m battling with the figures.
I work as a contractor WFH and need to make only one or two trips per month.
My expenses are calculated at 45ppm so I'm quids in at the moment.
I've dome several 100 mile round trips to a rail Depot in the last three months so £45/trip
The trips have used 20kWh from the battery so at 5p/kWh Octopus charge means the actual trip costs £1 a go.
Magic.
My expenses are calculated at 45ppm so I'm quids in at the moment.
I've dome several 100 mile round trips to a rail Depot in the last three months so £45/trip
The trips have used 20kWh from the battery so at 5p/kWh Octopus charge means the actual trip costs £1 a go.
Magic.
SWoll said:
If the company pays less than 45p you can get a tax rebate against the difference I thought?
You only get the tax back, of course - not the full difference.We got our allowance properly rolled into our pay some years ago and now get the full 45p/25p mileage payment. That's not worked out well for the last year!
Edited by Sheepshanks on Wednesday 25th August 09:41
Just in case it's relevant, don't make the mistake that lots of my colleagues made when taking out a salary sacrifice company car and think you still get 45p/mile.
Quite a few have found out to their horror that they now only qualify for 4p a mile in their "company EV". Salary sacrifice is a horrendous idea if you stand the chance to do more than a few business miles a year!
Quite a few have found out to their horror that they now only qualify for 4p a mile in their "company EV". Salary sacrifice is a horrendous idea if you stand the chance to do more than a few business miles a year!
Blue Oval84 said:
Just in case it's relevant, don't make the mistake that lots of my colleagues made when taking out a salary sacrifice company car and think you still get 45p/mile.
Quite a few have found out to their horror that they now only qualify for 4p a mile in their "company EV". Salary sacrifice is a horrendous idea if you stand the chance to do more than a few business miles a year!
SS is just a different way of providing a company car at the end of the day with the company arranging the finance and taking on the burden of risk as with any CC.Quite a few have found out to their horror that they now only qualify for 4p a mile in their "company EV". Salary sacrifice is a horrendous idea if you stand the chance to do more than a few business miles a year!
Makes more sense the higher you income as the tax savings can be considerable, just watch your pension contributions also.
TooLateForAName said:
The 4p is for company cars, but even then most places have the option of you producing actual receipts so if you are charging at one of the silly priced outlets then keep the e-receipt.
BiK is due if you pay and claim back the cost - the company must pay (eg via a fuel card or corporate credit card) for it to not attract BiK. Blue Oval84 said:
Just in case it's relevant, don't make the mistake that lots of my colleagues made when taking out a salary sacrifice company car and think you still get 45p/mile.
Quite a few have found out to their horror that they now only qualify for 4p a mile in their "company EV". Salary sacrifice is a horrendous idea if you stand the chance to do more than a few business miles a year!
Many EVs cost less than 4p a mile to run if charged on a cheap tariff. Even if they cost 4p a mile to run and you break even on business miles, can't see how that = a horrendous idea.Quite a few have found out to their horror that they now only qualify for 4p a mile in their "company EV". Salary sacrifice is a horrendous idea if you stand the chance to do more than a few business miles a year!
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