Hi all,
I am interested if anyone is doing anything differently for mileage rate expenses other than the 45p rate under HMRC or the advisory rates for company cars?
many thanks
Katharine
To follow on from Robey's reply, the 5pence mileage rate only applies to business trips in company EVs - privately owned EV mileage is still payable at the 45pence rate, since that is meant to cover wear and tear, maintenance and other costs for owning and running a roadworthy vehicle.
Alternatively, charge costs for business trips can be claimed via expenses with receipts.
To follow on from Robey's reply, the 5pence mileage rate only applies to business trips in company EVs - privately owned EV mileage is still payable at the 45pence rate, since that is meant to cover wear and tear, maintenance and other costs for owning and running a roadworthy vehicle.
Alternatively, charge costs for business trips can be claimed via expenses with receipts.
