Anyone claim mileage from work?

10
Found 8th Dec 2010
Hey

With my job, I do approximately 25,000 miles a year for my job, and usually I fill in a P87 form. I usually always send it away as soon as the tax year ends, but the taxman always takes months and i mean months to acknowledge my form before issuing a rebate.

My work give me 28p a mile, so I know using a P87 form, I should be able to claim up to 40p a mile for the first 10,000 miles and then 25p for any other miles after this.

The P87 form also says I should fill in a tax return instead if my expenses exceed £2,500.

Its plain obvious to see that now, but do i really need to fill in a tax return? My salary is only £13.5k.

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Banned

Hope you get the help you need on MSE.

Original Poster

DLM

Hope you get the help you need on MSE.



Yeah, I had posted it here and there. Thought id try and cover all bases.

Thanks

I get the same. 40p a mile. Fill the forms out weekly then get paid at the end of the month. Have always done it this way over the years. Never involved the taxman. I dont claim for anywhere near the amount you do though.

Original Poster

leecroot

I get the same. 40p a mile. Fill the forms out weekly then get paid at … I get the same. 40p a mile. Fill the forms out weekly then get paid at the end of the month. Have always done it this way over the years. Never involved the taxman. I dont claim for anywhere near the amount you do though.



Yeah, If i was getting the 40p a mile from my work, I wouldnt need to involve the taxman. I know that the stats are like this.

25000 miles.
10,000 miles @ 40p = £4000
15,000 miles @ 25p = £3750
Total = £7,750.

Received from Work
25,000 miles @ 28p = £7000

So my claim is for £750. But as you eventually find out, its usually only the tax relief you get on this, so my claim is only really £150.00.

And this is where im wondering, do I really need to fill in a Self assessment for this little amount?

hippyharry

Yeah, If i was getting the 40p a mile from my work, I wouldnt need to … Yeah, If i was getting the 40p a mile from my work, I wouldnt need to involve the taxman. I know that the stats are like this.25000 miles.10,000 miles @ 40p = £400015,000 miles @ 25p = £3750Total = £7,750.Received from Work25,000 miles @ 28p = £7000So my claim is for £750. But as you eventually find out, its usually only the tax relief you get on this, so my claim is only really £150.00.And this is where im wondering, do I really need to fill in a Self assessment for this little amount?



Im not sure. I would contact them or ask youre employer.

Im not sure. What have the company said about it?
Edited by: "leecroot" 8th Dec 2010

Original Poster

The company doesnt advise me on it. This is something I need to do myself

hippyharry

The company doesnt advise me on it. This is something I need to do myself … The company doesnt advise me on it. This is something I need to do myself



They have a legal obligation to the taxman. Thats what it says on my paperwork. Is there anyone else at work in same situation? If not then id ring the taxman direct. Its probably one of them numbers that you have to wait 6 years for an answer!
search2.hmrc.gov.uk/kbr…adv?raction=view&fl0=__dsid:&sm=0&ha=34&as=1&sp_scope=hmrc&sc=hmrc&nh=10&sr=0&cs=ISO-8859-1&tx1=&tx0=49664

Edited by: "leecroot" 8th Dec 2010

I'm no tax expert although I am an accountant. If you want a refund (no matter how small) then you need to do a self assessment tax form. They are incredibly easy to do online once you have registered and I've always got any money due really quickly. Online calculates your refund as well.

All you will need to do is put in your total expenses figure that you are eligible for tax relief on. It is possible that by submitting your P87 form to tax office they have adjusted your tax code - check to see if you have received any tax code calculation letter and if that shows an "Expenses Figure" they will have adjusted your tax code.

Hope this helps.............if all else fails phone the tax office...........they are generally very nice people.

maybe ask here - normally get quick responses and they are qualified accountants too

taxationweb.co.uk/forum/

Banned

I need to do a self assessment soon.

I have never done one before and I think I will get my bf's accountant aunty to help me.
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