Mileage Allowance - any planned increases - Contractor UK Bulletin Board

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Peoplesoft bloke replied

30 July 2008, 21:10
Originally posted by shoes View Post

Yes I expect the government are just about to raise this so that their tax take decreases and people like us in business on our own account get the full benefit of our valid expenses being wholly offset against tax as is right and proper thus allowing us to inwardly invest to further the success of uk plc.

I think you'll find that this is a labour government, it is far more likely they will abolish it and then be confused about how their tax take is down.

a government
Leave a comment:
scooterscot replied

30 July 2008, 19:20
40p?! how am I to keep the private jet in the air with that kind of money?
Leave a comment:
Sockpuppet replied

30 July 2008, 18:58
The govt keeps fudging the figures so that the cost of motoring is apparently lower now.

Is it bollocks.
Leave a comment:
shoes replied

30 July 2008, 18:34
Originally posted by oxtailsoup View Post

With the cost of fuel rising sharply it seems that the 40p/25p mileage rate are out of date.

Yes I expect the government are just about to raise this so that their tax take decreases and people like us in business on our own account get the full benefit of our valid expenses being wholly offset against tax as is right and proper thus allowing us to inwardly invest to further the success of uk plc.

I think you'll find that this is a labour government, it is far more likely they will abolish it and then be confused about how their tax take is down.
Leave a comment:
blacjac replied

30 July 2008, 18:30
Unleaded is down to 111.9p a litre round our way today.

Boomed!
Leave a comment:
xoggoth replied

30 July 2008, 18:03
Even 40p does not cover costs including repairs and depreciation.
Leave a comment:
NotAllThere replied

30 July 2008, 17:17
The rates haven't changed since 2002, when the UK average pump price of a litre of unleaded petrol was 74.6 pence.
Leave a comment:
TheBigYinJames replied

30 July 2008, 17:08
Originally posted by oxtailsoup View Post

40p per mile is still ok but once you are past 10k miles the 25pence rate seems very low.

I do so many miles on this contract that I'm already on the 25p rate :/
Leave a comment:
ThomasSoerensen replied

30 July 2008, 17:03
yes
Leave a comment:
oxtailsoup started a topic Mileage Allowance - any planned increases

30 July 2008, 16:05
Mileage Allowance - any planned increases

Was going to post this in the Accounting section but I think its more of a general discussion.

With the cost of fuel rising sharply it seems that the 40p/25p mileage rate are out of date. 40p per mile is still ok but once you are past 10k miles the 25pence rate seems very low.

Anybody know what the price of fuel was when these rates were set originally?
Tags: None