having been an employee of my own company since 2004, since April last year I have been an employee of a Plc.. with my own company running alongside. with my own company I used to reimburse myself for all fuel costs, tyres etc. rather than claim a mileage payment. But now my employer pays me 22p/mile.
I am looking to complete my Self Assessment online and I have received some conflicting information from colleagues. Some are saying that we can claim up to the thresholds below, but a couple of them are saying that HMRC only pay 20% of the below
.. that doesn't seem right to me.
Type of vehicle First 10,000 miles Above 10,000 miles
Cars and vans 45p (40p before 2011 to 2012) 25p
https://www.gov.uk/expenses-and-benefit ... es-for-tax
can i claim 10,000m x 23p and further miles for the tax year at 3p? or are employees only entitled to receive a portion of this? I have entered what I think is the correct information on my self assessment - which I haven't submitted yet, but the calculation so far seems to suggest that I would only receive a small portion of the 23p/3p.