Yet another Tax
Hellfire - 6/10/04 at 11:49 PM
Good old Inland Revenue!
I am based from home and travel around the UK and some of Europe.
We have recently had the I.R. at the H.Q. of my place of work for the last week or so examining the road lads expenses and other 'goings
on'. Basically, we are all above board. I log and pay for my private mileage. However, what was picked up on was that I had not booked my
mileage 'to' and 'from' my lunch location. 
Apparently they are clamping down on ALL private mileage down to the last 10th of a mile. Therefore, if you travel 0.5m off your 'to' and
'from' route you will be forced to log this mileage and declare it as private mileage.
Also if you are based from home - they are trying to make your first call of the day private too - trouble is some of my calls are 200 miles away -
they can bollox they can! 
I bet that one doesn't appear on the manifesto!
Another crafty hidden stealth tax - this government stinks, well actually they all stink!
Has anyone else heard of these rules?
stephen_gusterson - 7/10/04 at 09:18 AM
Thats not stealth tax, thats you misusing the system!!!!
The moment you draw ANY fuel for your own use, then you cop the whole fuel tax.
Ive had co cars for 20 years, and I have always had free used of fuel. I do about 20k private milage a year. My company either lets you have full fuel
funding, or 2,000 quid (taxed at 40%) for fuel. No need to pay fuel tax as you are 'expensing it yourself'. So, thats 100 a month, plus the
70 I wouldnt spend on fuel tax, = 170. I still need more than that.
If you chose the right car (diesel!) then for only 70 quid a month, I can fill up all i like, company and taxman asks no questions.
atb
steve
[Edited on 7/10/04 by stephen_gusterson]
David Jenkins - 7/10/04 at 07:02 PM
quote:
Originally posted by Hellfire
Has anyone else heard of these rules?
They've been around for years - it's just that they don't always jump on people.
Most big company wages departments are fanatical about getting mileage claims right, as they try to avoid upsetting Inland Revenue. I worked for BT
for 24 years, and even in 1970 my mileage claim had to be spot on, or I got it back for correction & resubmission.
David
Hellfire - 7/10/04 at 09:48 PM
I was paying over the odds per month to the taxman for standard tax that I didn't use. So I opted to pay for my own mileage to bring down my tax
burden. I don't mind as I only do on average 100 miles a month personal mileage.
I may go back to fully expensed!!! It's less bother!