HMRC always tell me that you can claim not only mileage, but other sundry exopenses directly related to you doing your job.
I’ve just had to fork out dear to get my car fixed from driving through too many stony yards, speed humps, etc (suspension damage) so my question is this:-
How do I go about getting the bill to keep my transport to assignment on my tax deductions sheet?
HMRC say I can claim it, but agency says otherwise… If I attempt to do it myself, I’ll no doubt be asked about me being self-employed, rather than PAYE claiming mileage.
Have I got a better option than merely deducting it from SE one-off contracts in the last tax year? (Get paid gross, but with my vehicle overhead applied, I make a loss on the SE front - thus declare “zero” on the tax return like they say when “If your period of self employment made a loss, put zero in this box” bit.
Thus, my return is only hours done via my PAYE employer instead - nothing added, nothing taken away as far as that’s concerned.
I’m thinking there is a grey area with regards to tax allowances for both vehicle expenses and uniform renewal when it’s out of your own pocket, and you’re agency.
Is anyone out there claiming on-road expenses for their business-insured own transport?
AFAIK the 45p mileage allowance is supposed to cover maintenance and repairs as well as fuel. I believe you can claim the interest on a loan to buy a car, or part of it, as a business expense.
btw - the 45p rate goes down to 25p after 10,000 miles.
Santa:
AFAIK the 45p mileage allowance is supposed to cover maintenance and repairs as well as fuel. I believe you can claim the interest on a loan to buy a car, or part of it, as a business expense.
btw - the 45p rate goes down to 25p after 10,000 miles.
Santa:
AFAIK the 45p mileage allowance is supposed to cover maintenance and repairs as well as fuel. I believe you can claim the interest on a loan to buy a car, or part of it, as a business expense.
btw - the 45p rate goes down to 25p after 10,000 miles.
Yes, I’ve been told that a few times now.
Shame the 45p seems to stay that for years, despite fuel & repair both getting more expensive by the year…
So much for it “covering” anything much.
Another line of approach is to stick it against my sideline SE earnings to make my overall profit for the year on that side zero, and thus not get charged taxes on my “invoices” which are outside my PAYE main employer… I don’t get 45p per mile for these handfull of assignments per year, but it would be to my advantage if I can count the few hundred quid over the year we’re talking about a “if you made a SE loss, put zero in the box” on the tax form I’ve just received this week. The PAYE earnings of course went in the main “income from all jobs” box.
Winseer:
Shame the 45p seems to stay that for years, despite fuel & repair both getting more expensive by the year…
It went up from 40p to 45p at the start of the 2011/2012 tax year so I don’t think there will be much of an increase for a while now.
Besides, if it’s costing you more than 45p/mile to run your car you need to seriously consider getting a different car. Even at 140ppl and 40mpg the fuel cost is only about 16p/mile and any car that costs 29p/mile in repairs clearly needs scrapping…
As an aside, the last time I did a complete cost assesment for a car was an old Pug 205 I had from March 2005 to July 2007. In that time I did just short of 24000 miles in it and the entire cost (including purchase price, tax, insurance, mot, fuel, and everything else down to the last bulb) worked out at 15.2p/mile. That breaks down into 7.9p/mile for fuel, 5.0p/mile for paperwork (tax, mot, insurance) and 2.3p/mile for physical things (purchase, repairs, tyres, etc). I only got rid of it cos some clown in an MGF drove into it and wrote it off. Even if you alter the fuel cost for today’s prices (assuming 140ppl and 54mpg) the 7.9p/mile for fuel only goes up to 11.8p/mile bringing the total up from 15.2p/mile to 19.1p/mile which is still well under half the 45p/mile allowance.
