UK Self positioning. Payments?
 

If you self position, what does your compnay pay you per mile to use your own car?

My (ex) company paid the price of the airfare. If they planned to position you from LGW to MAN but you made your own way to MAN, you got the price of the LGW-MAN ticket.

35p per mile. Easy huh?

Remember that if you do use your car for company business you can claim the difference between the IR approved amounts and what your company pays you. Plus you can apportion the business mileage element of any interest payments on the car. For example:-

If you have a car with an engine > than 2000cc the IR allow you to claim up to 63p per mile for the first 4,000 miles and 36p for all mileage over 4,000.

VAT says his company pays 35p per mile therefore he is entitles to claim tax relief on the other 28p. The tax relief on interest is more complex and you need to read the booklet.

The IR publish a booklet - IR125 - that has full details. It can be ordered at:-

[email protected]

Last year I received a tax rebate of over £800!