Using your own vehicle for work - does it pay?

A PA may be regularly expected to use their own personal car for business purposes. One question we are often asked is "What mileage rate can I claim?" And the usual response (to our answer of 40p per mile) is, "Is that all!" Well the truth is that the HMRC (HM Revenue and Customs) rate has been set for some years and APA feels it is time for it to be reviewed. After all, petrol prices have soared, servicing charges continue to rise and second-hand car values; particularly for those with higher mileages, have plummeted

So, what do you think? What does your business think? Before we start lobbying Government for an increase in the approved rate we would like your opinion and that of colleagues who use their cars but do not have the benefit of a Company Car. Please let us know.

Gareth

Tip: You can also claim if you carry passengers (5p/person/mile) when you travel on business. Not a lot of people know that!

More information can be found at: http://www.hmrc.gov.uk/mileage/employee-factsheet.htm