Mileage Rate

[VectraMan]

Many of you are barking up the wrong tree. The question was what do I invoice the client not how much do I pay myself.....

As much as you can (+VAT).

You're right, it's not in any way connected to your personal allowance. However, the fact the personal allowance is 40p means some companies would pay exactly that to employees, and do the same for contractors. That's been my experience.

[Hiram King Of Tyre]

Many of you are barking up the wrong tree. The question was what do I invoice the client not how much do I pay myself.....

I think motorcycle is 24p (HMRC figure)

[lexington_spurs]

Been 40p then 25p for donkeys.

what are the rates for other beasts of burden?

[Captain Dispensable]

Then you pay yourself the mileage allowance of 40p for first 10k miles 25p thereafter.

Been 40p then 25p for donkies.

Just realised I only claimed 40p for the first 4000 miles not 10,000 when knocking up some extra expenses for the previous accounting year.

[SallyAnne]

We could use body paints instead, then scrub you down later.

Taxation just got interesting

[mictech]

And those permanent markers are a bugger to remove!

We could use body paints instead, then scrub you down later.

[SallyAnne]

Otherwise you would have to declare it on your SA.

And those permanent markers are a bugger to remove!

[Hiram King Of Tyre]

Thanks. It's 40p....

[malvolio]

You can charge YourCo 40p/25p as per the rules (actually you can charge what you like, as long as you pay the BIK if you go above that level).

YourCo can only charge the client whatever the agreed rate is between you, typically they will pay YourCo the same as they pay their own non-company car owning staff - for example, MOD it's 28p per mile to start.

So ask the client, they won't object to telling you - the difference between the two, if thee is one, is a CT offsetting loss anyway

[Hiram King Of Tyre]

Yes, I'm aware of the IR rules but the question is, do you just ask the client what their rate is or invoice them say 40p per mile or something?

My last client paid 60p

[Sockpuppet]

Ask the client. They will have a rate they are going to pay. You could charge then £50 a mile but I doubt they would pay it.

[mictech]

Squeeze as much as you can out the agent/client, as long as you get the gig. Then you pay yourself the mileage allowance of 40p for first 10k miles 25p thereafter. Otherwise you would have to declare it on your SA.

I think its been 40p and 25p for three years now where's the index link in this allowance?????

[Hiram King Of Tyre]

Do you guys ask the client what their mileage rates are or do you just claim your own rate?