Can mileage claims include loan interest?
The Approved Mileage Allowance Payment (AMAP) was introduced in 2002 as a statutory simplification to allow employers to make tax-free payments up to certain limits
The Approved Mileage Allowance Payment (AMAP) was introduced in 2002 as a statutory simplification to allow employers to make tax-free payments up to certain limits
If an employer pays less than these rates, the employee can claim tax relief for the unused balance. Where an employer pays less than these
Employees often need to undertake business trips and it is common practice to reimburse the employee’s fuel costs by means of a mileage allowance. The
To save work, employers can pay employees a mileage allowance if they use their own car for business journeys. The Government have recently cleared up
Where an employee uses their own vehicle for business journeys, their employer can cover the associated costs by paying a mileage allowance. As long as
Company car mileage rates update The company car benefit tax charge does not cover fuel provided for a company vehicle. This means that where an
Using your car in your property rental business Landlords will often use their car for the purposes of their property rental business. Where they do
Simplified expenses for smaller businesses Certain unincorporated small businesses may choose to use the ‘cash basis’ when calculating taxable income, under which participants are taxed
Employees – claim a tax deduction for expenses Employees often incur expenses in doing their job – this may be the cost of a train
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