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Reply to: Too much mileage... creative accounting?
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Previously on "Too much mileage... creative accounting?"
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How I remember my first contract...
800 miles per week x 44 weeks worked per year = 35000 miles / year.
Petrol was cheaper but even with the old 40p / mile rate, the £6250 per year covered petrol, servicing and depreciation on my 6 year old car. It did of course come out of the Ltd's account but that was priced into my rate, so no complaints.
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Other options might be 1 night a week staying away or asking for 1 day a week WFH as an alternative.
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Originally posted by Sockpuppet View PostBuy an old but cheap to run van. Transit connect.
Pay the £700 a year BIK it'll cost you and then put all the fuel through company books.
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Originally posted by Sockpuppet View PostBuy an old but cheap to run van. Transit connect.
Pay the £700 a year BIK it'll cost you and then put all the fuel through company books.
Those things are gonna drink fuel at motorway speeds. Surely you would get better gas mileage in something like an Astravan or somesuch...
Even if the company "pays" for the fuel, you are still effectively paying for at least 80% of the cost in lost profit so I'd say find something as efficient as you can.
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Originally posted by ChimpMaster View PostI have to drive a long way to my current client, but I just about manage this as a daily commute. It works out at around 3000 miles a month. Yes it's tiring but I want to be home each night with the family.
I'm obviously going to hit the 10,000 mile very quickly with this one (< 2 years), and the piddly 25p after this isn't going to be much comfort what with today's petrol prices.
Is there any creative way in which I can legitimately claim more than just 25p/mile for the travel?
Pay the £700 a year BIK it'll cost you and then put all the fuel through company books.
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I was thinking something like the SE version of this
New Vauxhall Astravan Sportive 1.7CDTi 16v 100PS Van For Sale UK
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Originally posted by prozak View PostI was going 30k miles a year for my role at energy company in London. You just gotta take the hit I think.
I have a groovy 2001 Ford Focus Diesel as my commute mobile so even 25p is way more than it costs for fuel and running costs... even these days.
So sadly for us contractors this money doesnt come close to paying for the fuel cost.
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Originally posted by geoff from contracta IOM View PostBuy a van ? Get it soon and you can use it to pick up the Christmas tree
Originally posted by gingerjedi View PostThere's no way around it other than to be more fuel efficient, I've found I get an extra 15% out of a tank by keeping it below 75 but this often conflicts with my desire to get home quickly.
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Originally posted by gingerjedi View PostI'm in the same boat, to make it worse the parking charges have just gone up too.
There's no way around it other than to be more fuel efficient, I've found I get an extra 15% out of a tank by keeping it below 75 but this often conflicts with my desire to get home quickly.
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Originally posted by ChimpMaster View PostI have to drive a long way to my current client, but I just about manage this as a daily commute. It works out at around 3000 miles a month. Yes it's tiring but I want to be home each night with the family.
I'm obviously going to hit the 10,000 mile very quickly with this one (< 2 years), and the piddly 25p after this isn't going to be much comfort what with today's petrol prices.
Is there any creative way in which I can legitimately claim more than just 25p/mile for the travel?
There's no way around it other than to be more fuel efficient, I've found I get an extra 15% out of a tank by keeping it below 75 but this often conflicts with my desire to get home quickly.
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Buy a van ? Get it soon and you can use it to pick up the Christmas tree
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Originally posted by prozak View PostWhat has happened to you NLUK?
you've changed.
As it happens there was a tone of sarcasm in that list. Most people will know I hate 'creative' accounting and play it tight so all of those suggestions would normally get me going.
He also isn't a noobie so can't have a go either.
My hands were a little tied on this one.
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