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Mileage Question

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    Mileage Question

    I knows it' General but more chance of a reply.

    Just doing my expenses for Ltd, which it's financial year is Jan - Dec

    My personal SA is obviously the Apr-Apr time frame.

    I've just hit 10000 miles mileage. Will that reset to 0 on April 5th and I can claim at 45p per mile as it's based on my personal financial year, of 25p because it' based on the LTD.

    I suspect it's on my personal.

    Anyone know without asking my accountant?
    What happens in General, stays in General.
    You know what they say about assumptions!

    #2
    I believe it is aligned to the personal tax year, and resets in April.

    Comment


      #3
      Thought this was another thread on retirement.
      "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

      Comment


        #4
        Originally posted by scooterscot View Post
        Thought this was another thread on retirement.
        It is - when one uses up milage allowance HMRC retires you

        HTH

        Comment


          #5
          Originally posted by MarillionFan View Post
          I knows it' General but more chance of a reply.

          Just doing my expenses for Ltd, which it's financial year is Jan - Dec

          My personal SA is obviously the Apr-Apr time frame.

          I've just hit 10000 miles mileage. Will that reset to 0 on April 5th and I can claim at 45p per mile as it's based on my personal financial year, of 25p because it' based on the LTD.

          I suspect it's on my personal.

          Anyone know without asking my accountant?
          It's 10,000 per employment per a tax year see: Mileage allowance over 2 employments | AccountingWEB

          So whatever you claimed as a permie before returning to contracting is separate to your contracting mileage..
          merely at clientco for the entertainment

          Comment


            #6
            Originally posted by eek View Post
            It's 10,000 per employment per a tax year see: Mileage allowance over 2 employments | AccountingWEB

            So whatever you claimed as a permie before returning to contracting is separate to your contracting mileage..
            Can MF get a fatty's double allowance?

            Comment


              #7
              Originally posted by northernladyuk View Post
              Can MF get a fatty's double allowance?
              MF can't even get a chubby.....

              Comment


                #8
                Originally posted by northernladyuk View Post
                Can MF get a fatty's double allowance?
                Well as the side effects of his weight have lead to a long term disability he also gets PIP.
                "You’re just a bad memory who doesn’t know when to go away" JR

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