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Old 7th Nov 2017, 08:31
  #60 (permalink)  
Effluent Man
 
Join Date: Feb 2008
Location: Southwold
Age: 68
Posts: 0
Originally Posted by yellowtriumph View Post
If you claim a mileage allowance from your employer, does the rate not take into account such matters as tax and depreciation on your private vehicle?
Mileage allowance is a composite figure. When I was a Councillor I received 35p per mile, I am not sure what the current figure is. Clearly fuel only costs between ten and fifteen pence, the remainder covers all other costs including wear and tear and added depreciation.

In my case however it was my own business. I thought it was unfair that I could not reclaim the VAT. Had I reclaimed the purchase VAT then when I sold the car any price would have included an element for VAT which I would have repaid in that period.
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