Search results
11 cze 2024 · VAT mileage calculator. To calculate the VAT amount you can claim for the mileage allowance you have paid out, find the HMRC Advisory Fuel Rate for the relevant vehicle. Then, simply adjust the slider in the mileage VAT calculator and enter the amount of miles you have reimbursed.
3 cze 2024 · Called Mileage Allowance Payments (MAPs), only a certain amount, called ‘approved amounts’, can be paid to employees each year without having to be reported to HMRC.
7 cze 2024 · 45p per mile is the tax-free approved mileage allowance for the first 10,000 miles in the financial year – it’s 25p per mile thereafter. If a business chooses to pay employees an amount towards the mileage costs, these reimbursements are called ‘Mileage Allowance Payments’ (MAPs).
14 cze 2024 · Keeping a mileage logbook is necessary to receive a mileage allowance or claim mileage allowance relief from HMRC. How you do this is up to you, but you must record certain information, regardless of the logbook format you choose.
21 cze 2024 · The round trip mileage. The reason for the trip. You can either keep a log book in your car, or use one of the many smartphone apps that do the same job.
17 cze 2024 · As electricity is not classed as a fuel by HMRC, there is no benefit in kind charge for EVs. From 1st June 2024, the advisory electricity rate for fully electric cars is 8 pence per mile. Meaning you can claim a reimbursement of up to 9p per mile for every business mile travelled, tax free.
20 cze 2024 · 53% of UK drivers were against the proposed pay-per-mile road tax changes. 44% of motorists said disabled drivers should be exempt from pay-per-mile road tax (or be heavily discounted) 26% of motorists think that all drivers should have to pay the same rate regardless. 34% of motorists think those who drive a zero or low-emission vehicle should ...
