FabSwingers.com mobile

Join us FREE, we're FREE to use

Web's largest swingers site since 2006.

Already registered?
Login here

Back to forum list
Back to The Lounge

Milage increase in the Budget.

Jump to newest
 

By *erekduvall OP   Couple
over a year ago

swansea

5p increase per mile seems to have had an affect on our MPs. Reports that the claims have increased in the last few weeks dramatically1 not only in £ terms but by the number of MPs now travelling by car rather than train!

Nothing changes huh?

Reply privatelyReply in forumReply +quote
 

By *b430Man
over a year ago

Tayside

The 5p increase only came in on Wednesday, so if the reports are true, then it will have nothing to do with now getting 45p a mile instead of the previous 40p.

It barely covers the cost for the fuel you use and the wear and tear on your own vehicle. It's a cheap way of Local & Central Government providing the essential vehicles people need to do their jobs to provide the services to the public!

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

I think 45p per mile is quite good given that a medium sized modern vehicle averages around 35mpg. Works out between 17p and 20p per mile ish. This doesn't take into account wear and tear etc but still not bad.

Reply privatelyReply in forumReply +quote
 

By *b430Man
over a year ago

Tayside


"I think 45p per mile is quite good given that a medium sized modern vehicle averages around 35mpg. Works out between 17p and 20p per mile ish. This doesn't take into account wear and tear etc but still not bad."

Or the extra insurance either!

Reply privatelyReply in forumReply +quote
 

By *b430Man
over a year ago

Tayside

Oh - I forgot to add that your employer also claws back the VAT that YOU have paid and keeps it for themselves!

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago


"Oh - I forgot to add that your employer also claws back the VAT that YOU have paid and keeps it for themselves! "

That doesn't just apply to mileage allowances though, does it.

If you incur expenses on your employer's behalf and they reimburse you - they have essentially made that payment are entitled to treat the VAT exactly as they would had they physically made the payment in the first place.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Mileage expenses claims do affect your tax code though depending on how the mileage was accrued.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago


"Mileage expenses claims do affect your tax code though depending on how the mileage was accrued. "

And HMRC will make occasional checks in an attempt to ensure any given vehicle was actually used for the journey in question.

Reply privatelyReply in forumReply +quote
 

By *erekduvall OP   Couple
over a year ago

swansea


"The 5p increase only came in on Wednesday, so if the reports are true, then it will have nothing to do with now getting 45p a mile instead of the previous 40p.

It barely covers the cost for the fuel you use and the wear and tear on your own vehicle. It's a cheap way of Local & Central Government providing the essential vehicles people need to do their jobs to provide the services to the public! "

10,000 miles a year average =£4,500 allowance, my car cost me £1500 2 yrs ago, repairs £0 averages 40mpg, pretty good earner in my opinion!

Reply privatelyReply in forumReply +quote
 

By *b430Man
over a year ago

Tayside


"The 5p increase only came in on Wednesday, so if the reports are true, then it will have nothing to do with now getting 45p a mile instead of the previous 40p.

It barely covers the cost for the fuel you use and the wear and tear on your own vehicle. It's a cheap way of Local & Central Government providing the essential vehicles people need to do their jobs to provide the services to the public!

10,000 miles a year average =£4,500 allowance, my car cost me £1500 2 yrs ago, repairs £0 averages 40mpg, pretty good earner in my opinion! "

10,000 a year average!

If you are at that level of miles then (here anyway) you do get a leased car and not the same mileage rates so your sums wont add up I'm afraid

I take it your car has never needed tyres then, for example? And I won't go into detail of how much the cost of fuel has risen, as most will know that themselves anyway.

Oh, don't forget you need to provide the extra insurance for using your personal vehicle for business use!

NOT a nice little earner at all.

I was actually making the point that you were wrong to say the 5p increase led to more MP's claiming more over the last few weeks seeing as the increase only came in on Wednesday past. But who am I to say your initial rant was false!

Reply privatelyReply in forumReply +quote
 

By *b430Man
over a year ago

Tayside

ooppss - meant to add that you don't get paid for using the car away from work and seeing as my average miles over the last 5 years has been under 8,000 (personal and business use) I'm no where near your total.

It would be great if my employer did give me 45p a mile to travel to my swinging meets though

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

I don't get a lease car and I'm up around the 12,000 miles p.a. mark. I get mileage and a payment of approx £1,000 p.a. for insurance which doesn't quite cover it. My vehicle is two years old and is in good nick obviously. No maintenance costs as yet. The figures I quoted above allowed for petrol at £1.30 per litre [approx £5.85 per gallon] i.e. todays prices and an average performance of 35mpg. This is roughly £2006 p.a. on petrol. 12,000 miles @ 45p per mile = £5,400 which equals £3,394 for maintenance [tyres, service etc] and to top up any insurance shortfall. All in all not bad.

Reply privatelyReply in forumReply +quote
 
 

By *erekduvall OP   Couple
over a year ago

swansea


"

If you are at that level of miles then (here anyway) you do get a leased car and not the same mileage rates so your sums wont add up I'm afraid

I take it your car has never needed tyres then, for example?

I "

i f i was making £4500, wouldnt bother with tyres, just change the car.

Reply privatelyReply in forumReply +quote
Post new Message to Thread
back to top