Discuss Direct employee tax return in the Business Related area at ElectriciansForums.net

I claim 40p per mile for the first 10k
25p per mile after that

I also tell HMRC my accumulative figure for expenses I've been paid over the year which is usually around the £5k mark

i usually then get around £1k-1.5k

that sound pretty right to you or am I going wrong somewhere which is costing me money?
 
You can claim 45p per mile for first 10,000. So you are already £500 short there. But you also must have paid any tax you are claiming back and also deduct anything that your employer has given youmas a tax free allowance for mileage on your claim.
 
I get paid travel time and expenses. For example this week I have been paid £96.24 and travelled a total of 620 miles. I'm not sure how it works out per mile.

Are you being paid per mile or are you receiving travelling time and expenses as an agreed sum as it is not very clear. The figures you quote only give you 15.5p/mile so it sounds to me like you are being short changed by your employer. If you are paid travelling time this will be taxable
 

Reply to Direct employee tax return in the Business Related area at ElectriciansForums.net

Similar Threads

I have injured my back and I feel it is only going to get worse over the years. My plan is to get a lad to help out 2 days a week. I'll be...
Replies
12
Views
2K
Hi all Quick question - I'm going self employed as an Electrician's mate as from the start of November. For this purpose, I'm looking to get rid...
Replies
2
Views
789
I have just started paying into a private pension. I pay in £500 p/month, the government tops it up by £125, which relates to the tax. Every year...
Replies
12
Views
2K
I have worked in the electrical contracting industry all of my life since leaving school over 50 years ago. I started my own electrical...
Replies
0
Views
1K
Hi, I've got both a solar pv and an ashp system. The solar system also has 2 batteries and it's configured to fill the batteries first and then...
Replies
0
Views
1K

OFFICIAL SPONSORS

Electrical Goods - Electrical Tools - Brand Names Electrician Courses Green Electrical Goods PCB Way Electrical Goods - Electrical Tools - Brand Names Pushfit Wire Connectors Electric Underfloor Heating Electrician Courses
These Official Forum Sponsors May Provide Discounts to Regular Forum Members - If you would like to sponsor us then CLICK HERE and post a thread with who you are, and we'll send you some stats etc

YOUR Unread Posts

This website was designed, optimised and is hosted by untold.media Operating under the name Untold Media since 2001.
Back
Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock