The budget will Approved Mileage Allowance Payments go up?
Discussion
"Employees using their own cars for business mileage can be paid a tax– and national insurance–free mileage allowance under the Approved Mileage Allowance Payments (AMAP)"
Will the Approved Mileage Allowance Payments go up? they should but will they?
They have been 40p and 25p per mile for years and the price for deisel has almost doubled. In fact the cost of everything else has gone up as well.
Will the Approved Mileage Allowance Payments go up? they should but will they?
They have been 40p and 25p per mile for years and the price for deisel has almost doubled. In fact the cost of everything else has gone up as well.
Pesty said:
"Employees using their own cars for business mileage can be paid a tax– and national insurance–free mileage allowance under the Approved Mileage Allowance Payments (AMAP)"
Will the Approved Mileage Allowance Payments go up? they should but will they?
They have been 40p and 25p per mile for years and the price for deisel has almost doubled. In fact the cost of everything else has gone up as well.
The mileage rates cover all motoring costs, not just fuel. For many years the fact that the mileage did not need to rise could be argued on the basis that the capital cost of cars had fallen even though fuel costs were rising.Will the Approved Mileage Allowance Payments go up? they should but will they?
They have been 40p and 25p per mile for years and the price for deisel has almost doubled. In fact the cost of everything else has gone up as well.
I think the time has now come for these mileage rates to be reset.
Derek Smith said:
Eric Mc said:
We can post what we like. Osborne will do what he's going to do.
Breaking news: Man comes up with reason that renders all forums redundant.A POST budget debate is always much more interesting.
Eric Mc said:
I am the last person to want to squash debate and discussion - but working in the accountancy world I do find pre-budget debate and speculation a bit tedious.
A POST budget debate is always much more interesting.
Well, why not wait for that thread on Wednesday afternoon, Einstein?A POST budget debate is always much more interesting.
Bing o said:
Eric Mc said:
I am the last person to want to squash debate and discussion - but working in the accountancy world I do find pre-budget debate and speculation a bit tedious.
A POST budget debate is always much more interesting.
Well, why not wait for that thread on Wednesday afternoon, Einstein?A POST budget debate is always much more interesting.
Eric Mc said:
Bing o said:
Eric Mc said:
I am the last person to want to squash debate and discussion - but working in the accountancy world I do find pre-budget debate and speculation a bit tedious.
A POST budget debate is always much more interesting.
Well, why not wait for that thread on Wednesday afternoon, Einstein?A POST budget debate is always much more interesting.
Adrian W said:
but you can claim any amount you want,it is up to the employer, over the revenue rates and they will just tax it
Absolutely.Edited by Adrian W on Tuesday 22 March 09:20
If your mileage rate isn't high enough then blame your employer.
Given the state of the public finances, why should taxpayers subsidise a cost that should be borne by employers?
oyster said:
Absolutely.
If your mileage rate isn't high enough then blame your employer.
Given the state of the public finances, why should taxpayers subsidise a cost that should be borne by employers?
It is the reimbursment of an expense not the payment of a wage, no subsidy involved.If your mileage rate isn't high enough then blame your employer.
Given the state of the public finances, why should taxpayers subsidise a cost that should be borne by employers?
Bing o said:
Eric Mc said:
Bing o said:
Eric Mc said:
I am the last person to want to squash debate and discussion - but working in the accountancy world I do find pre-budget debate and speculation a bit tedious.
A POST budget debate is always much more interesting.
Well, why not wait for that thread on Wednesday afternoon, Einstein?A POST budget debate is always much more interesting.
oyster said:
Adrian W said:
but you can claim any amount you want,it is up to the employer, over the revenue rates and they will just tax it
Absolutely.Edited by Adrian W on Tuesday 22 March 09:20
If your mileage rate isn't high enough then blame your employer.
Given the state of the public finances, why should taxpayers subsidise a cost that should be borne by employers?
I have been self employed for over 12 years now and when I started it cost me approximately £10 per 100 miles in fuel in a car which had similar average mpg to the current Fiat. When I filled up on Saturday at Sainsbury it had cost me £22 per 100 miles on that tank. But I can still only claim 40p so the contribution that makes towards other elements of running the car has reduced substantially.
It would be great to see it increased, but I think that it is just as likely I will see a pig fly past the window.
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