Yes it is at the discretion of the company but with the price of fuel most employees would not be happy with 28p. HMRC will allow up to 40p oer mile for the first 10,000 miles to be paid tax free, thereafter it is 25p.
Yes vat can be reclaimed on mileage, I haven't checked the amount, I know it is very low and often not worth the hassle!!
That's great, my guardian angel today Rob! First time on the site and I've had questions answered that have been sat with the accountant unanswered for nearly 3 weeks.
I've heard that mileage is rounded up to 2p per mile which is simple to work out and probably worth doing when you've got employees claiming daily mileage.
Welcome to the forum Deb. I have never seen a question remain unanswered for ay length of time and everyone wants to help eachother here, so you are more than welcome. Rob
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
