Thread: Petrol hits whopping 140.20 unleaded before 3p increase in august1st
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Old 23-03-2012, 14:48   #10
gazzae
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Re: Petrol hits whopping 140.20 unleaded before 3p increase in august1st
Quote:
Originally Posted by Rob View Post
Many people have to run their own car for essential business journeys. That isn't getting too and from the place of work, but instead having to be mobile to actually do the job. For a long while the maximum rate of expenses allowed by the taxman has been 40p, before any extra has to be declared as income. That may seem adequate but consider that has to cover not only fuel, servicing, depreciation, a business class insurance policy .... I see no indication this rate is being reviewed meaning many of us are at risk of having to pay somebody for the privilege of doing our job.
It was increased to 45p last tax year.
http://www.hmrc.gov.uk/rates/travel.htm
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