Article Database - Topic: 'Cars' - Keyword: 'Authorised Mileage Rate'

 
The tax cost of higher mileage allowances Publication date: 09.07.2018
Article database » Cars » Authorised Mileage Rate
A few of your employees are complaining that the amount you pay for business journeys made in their personally owned cars hasn’t increased for a long time. If you pay them more than HMRC’s approved rates, what’s the tax and NI position?
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Landlords can claim mileage allowances Publication date: 08.12.2017
Article database » Cars » Authorised Mileage Rate
Landlords can claim mileage allowances..Budget. Landlords received a small boost in the Autumn Budget. The Chancellor agreed they could (officially) use the HMRC’s approved mileage rates to work out the tax deducible amount for journeys they make in managing their rental businesses. Unincorporated business which carry on a trade have been allowed...
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Are employers paying the wrong mileage allowance? Publication date: 01.11.2017
Article database » Cars » Allowances
During a PAYE compliance check an HMRC officer claimed that you were paying the wrong rate of car mileage allowance to your employees at the start of each tax year and this was a common problem. What was he referring to?
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Is a tax-free mileage allowance of 60p possible? Publication date: 02.03.2017
Article database » Cars » Allowances
HMRC’s approved mileage allowance payments mean that you can pay directors and employees a maximum of 45p per mile for using their own vehicles for business journeys. But there is a way to pay more. What’s involved?
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Can AMAPs be used as a substitute for pay? Publication date: 10.11.2016
Article database » Cars » Authorised Mileage Rate
Anti-avoidance rules now prevent businesses from gaining an advantage by using tax-free travel expenses in salary sacrifice arrangements, but with some lateral thinking a tax saving might still be possible. Could this work for you?
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Mileage allowances must be reported Publication date: 30.09.2016
Article database » Cars » Allowances
Mileage allowances must be reported..HMRC blunder. As part of the new exemption for reimbursed employees’ business expenses, which replaced the dispensations regime from 6 April 2016, HMRC amended the PAYE rules to remove the requirement for employers to report reimbursements on Forms P11D .However, it overshot the mark and also removed the requirement...
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Are you missing out on tax-free mileage allowances? Publication date: 18.03.2016
Article database » Cars » Authorised Mileage Rate
You use your own car for business journeys for both your self-employed consultancy and the company of which you’re a director. What’s the maximum tax and NI-free mileage allowance you can claim?
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Get a little extra from your mileage allowances Publication date: 12.12.2014
Article database » Cars » Authorised Mileage Rate
If an employee uses their own car for business journeys, you can pay them a tax and NI-free mileage allowance. This can be tax efficient for them, but there’s not much in it for you. How can you use a legitimate scheme to cut your costs?
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What should you do with an ageing company car Publication date: 04.02.2013
Article database » Benefits » Cars
Company cars are taxed according to their original list price and CO2 emissions. This means if yours is getting a bit long in the tooth it might not be tax efficient. Can transferring ownership from the company to you solve this?
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Taxman loses battle over NI on car allowances Publication date: 29.11.2012
Article database » Cars » Authorised Mileage Rate
A court recently ruled that the Taxman was wrong to charge NI on round sum car allowances. But as he’s unlikely to volunteer a refund where you’ve overpaid, what steps do you need to take to get your money back?
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