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Originally Posted by Flyboy
That is the amount of money you can set against your taxable profits, not the amount of money saved from the amount of tax you pay. On your calculation, of thirteen thousand seven hundred and fifty miles, you would pay nine hundred and eighty-seven pounds less tax, on basic rate, not four thousand nine hundred and thirty-seven pounds.
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Since I've seen you do this before: when figures go over a certain amount, I find numbers a lot easier to comprehend. As in:
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On your calculation, of 13,750 miles, you would pay £987 less tax, on basic rate, not £4,937
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Being a lot easier to digest than:
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On your calculation, of thirteen thousand seven hundred and fifty miles, you would pay nine hundred and eighty-seven pounds less tax, on basic rate, not four thousand nine hundred and thirty-seven pounds
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Is there any specific reason for using the long-hand notation? I find it really hard work...