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burky-boy

  • Posts: 140
How much pence per mile
« on: July 17, 2008, 04:21:14 pm »
Just wonder what people charge pence per mile on a diesel 2.5 van. I suppose we hav to take in to account insurance and wear and tear.
We have just done a builders clean that was a 64 mile round trip that took 3 hours from leaving home to getting back. I know my hourly rate but iv no idea how much to charge for fuel.

Steve
Keep The Faith

Re: How much pence per mile
« Reply #1 on: July 17, 2008, 04:46:47 pm »
The tax-man allows 40p per mile for tax costing purposes.

burky-boy

  • Posts: 140
Re: How much pence per mile
« Reply #2 on: July 17, 2008, 04:50:00 pm »
The tax-man allows 40p per mile for tax costing purposes.

I was thinkin around the 30p a mile charge . But 40p sounds better lets hope Red Row allows that much
Keep The Faith

dai

  • Posts: 3503
Re: How much pence per mile
« Reply #3 on: July 17, 2008, 11:35:45 pm »
I have been claiming the 40p per mile for years, most of my round is 25 miles away and it paid me to do it. The thing is though, they haven't changed this allowance for years either, still the same 40p per mile.
I am wondering with the hike in fuel costs, if I may be better going back to claiming actual vehicle expenses.
Has anyone claiming the 40p done any sums on this recently?

mark dew

  • Posts: 2901
Re: How much pence per mile
« Reply #4 on: July 18, 2008, 12:39:47 am »
1 did around 4k miles last year in van. At 40p per mile that would be £1600 allowance.
I only spent £1100, so it is still a good thing.  :)


Highrise

  • Posts: 330
Re: How much pence per mile
« Reply #6 on: July 18, 2008, 09:03:35 am »
We did a job about a mth ago in Newton Abbot which is 1 1/2 hrs away so 3 hrs travel total...

I charged them what I would earn in 3 hours work.....

we did 3 days work so a total of 9 hrs travel

9hrs x hourly = ***.00

that's how we charge not the 40p a mile
When your windows are clear, My conscience is clear...

twt

Re: How much pence per mile
« Reply #7 on: July 18, 2008, 09:37:05 am »
the 40 pence per mile rule only applies to cars you can not use it on vans. And if using a car you cann't change how you claim expenses until you change cars.

s.hughes

Re: How much pence per mile
« Reply #8 on: July 18, 2008, 11:27:21 am »
If you are invoicing a company then they do not need to know that you have added the 40pence per mile, you can sort that out your end.

Steve

twt

Re: How much pence per mile
« Reply #9 on: July 18, 2008, 12:26:27 pm »
I was talking about the 40 pence rule from the tax mans point of view.

dai

  • Posts: 3503
Re: How much pence per mile
« Reply #10 on: July 18, 2008, 01:42:35 pm »
the 40 pence per mile rule only applies to cars you can not use it on vans. And if using a car you cann't change how you claim expenses until you change cars.

That's news to me, I have been claiming it for the van and my accountant has never queried it.
I was also under the impression that you could change back as long as it was done from the beginning of your tax year.

Re: How much pence per mile
« Reply #11 on: July 18, 2008, 03:21:32 pm »
the 40 pence per mile rule only applies to cars you can not use it on vans. And if using a car you cann't change how you claim expenses until you change cars.

That's news to me, I have been claiming it for the van and my accountant has never queried it.
I was also under the impression that you could change back as long as it was done from the beginning of your tax year.

I asked my accountant about this, as I had my tax return to sign today, she's not heard of that either.

twt

Re: How much pence per mile
« Reply #12 on: July 18, 2008, 03:57:44 pm »
the 40 pence per mile rule only applies to cars you can not use it on vans. And if using a car you cann't change how you claim expenses until you change cars.

That's news to me, I have been claiming it for the van and my accountant has never queried it.
I was also under the impression that you could change back as long as it was done from the beginning of your tax year.

I asked my accountant about this, as I had my tax return to sign today, she's not heard of that either.

My accountant must be misinformed then.