Tax tip for claiming car mileage allowance
Although the MAR rates are the same as those used for AMAPs, the latter is not a relief but a limit to which an employer can pay for business miles
Although the MAR rates are the same as those used for AMAPs, the latter is not a relief but a limit to which an employer can pay for business miles
Getting your correct mileage entitlement Keith gets company car opt-out allowance of £375 per month, less 40% tax and NI, plus 12p per mile But approved the taxman’s mileage allowance rate is
Small businesses that run their business cars through the company face higher company car tax bills.
The changes to company car tax were in the Budget small print.
The benefit-in-kind on company
Business Motoring is the motoring resource for small businesses and SME small fleets running company cars and business cars. We can help with questions about car leasing, company car tax, business mileage, writing down and leasing allowances, and all the other detail you need to know about running a car on the business. As well as this, we have the latest car news, company car taxation news and car reviews to help you make the right choice for your next company car, along with special car leasing offers to help you get the right business car leasing deal.
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