Author Topic: Mk5 GTI MPG  (Read 19761 times)

Offline AlanD

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Re: Mk5 GTI MPG
« Reply #20 on: 16 January 2009, 18:26 »
Sort of the same here, I get 15p a mile for work trips. Im not going to let it bother me and just enjoy it :D

Offline dan_apps

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Re: Mk5 GTI MPG
« Reply #21 on: 16 January 2009, 18:30 »
Sort of the same here, I get 15p a mile for work trips. Im not going to let it bother me and just enjoy it :D

15p  :shocked: i only get 11.25 now with fuel comming down  :cry:  :grin:

Offline AlanD

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Re: Mk5 GTI MPG
« Reply #22 on: 16 January 2009, 18:34 »
Oh yeah, you have jsut reminded me of the memo that went around the other day, its gone down to 12p as of 1st of Jan. wayne kerrs lol

Offline dan_apps

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Re: Mk5 GTI MPG
« Reply #23 on: 16 January 2009, 18:37 »
Oh yeah, you have jsut reminded me of the memo that went around the other day, its gone down to 12p as of 1st of Jan. wayne kerrs lol

my company uses e-mail  :smug: apparently a 20th century invention  :grin:

Offline AlanD

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Re: Mk5 GTI MPG
« Reply #24 on: 16 January 2009, 18:48 »
yeah yeah, its an email with a memo attachment you sarcy bast@rd :D

Offline ade1703

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Re: Mk5 GTI MPG
« Reply #25 on: 17 January 2009, 09:16 »
have been doin some ridiculous mileage recently though, i did a couple thousand miles last week and i dont tend to go slow around the windy roads of mid wales anyway work or not, dont bother worrying about it anymore as alot is for work and gets subsidized anyway.  :smiley:

Slightly off topic but do you claim the Mileage Allowance Relief back?
I keep looking at it as I do a lot of miles a year for work but never want to get the tax man involved in my finances, :wink:
But if your company is paying you 12ppm you might be able to get tax relief up to 40ppm which may be better in your pocket than theirs.
More details here http://www.hmrc.gov.uk/incometax/relief-mileage.htm

Offline AlanD

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Re: Mk5 GTI MPG
« Reply #26 on: 17 January 2009, 09:33 »
have been doin some ridiculous mileage recently though, i did a couple thousand miles last week and i dont tend to go slow around the windy roads of mid wales anyway work or not, dont bother worrying about it anymore as alot is for work and gets subsidized anyway.  :smiley:

Slightly off topic but do you claim the Mileage Allowance Relief back?
I keep looking at it as I do a lot of miles a year for work but never want to get the tax man involved in my finances, :wink:
But if your company is paying you 12ppm you might be able to get tax relief up to 40ppm which may be better in your pocket than theirs.
More details here http://www.hmrc.gov.uk/incometax/relief-mileage.htm

It all depends on what car option you are on for your company. This is how ours works.

Option A - You have a company car which is leased by the company and you keep for 3 years (budget on monthly payments is determined by CO2 emissions). You get 12ppm for a petrol engine.

Option B - You are given £3500 a year in the form of car allowance which is taxed and added to your salary. You get 40ppm for a petrol engine.

Option C (what im on) - You get £5500 a year in the form of car allowance which is taxed and added to your salary. You get 12ppm for a petrol engine.

I don't do MASSIVE miles so went for the higher initial allowance. Which basically gave me £350 a month to pay off any sort of finance.

HTH.

Offline ade1703

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Re: Mk5 GTI MPG
« Reply #27 on: 17 January 2009, 10:28 »

It all depends on what car option you are on for your company. This is how ours works.

Option A - You have a company car which is leased by the company and you keep for 3 years (budget on monthly payments is determined by CO2 emissions). You get 12ppm for a petrol engine.

Option B - You are given £3500 a year in the form of car allowance which is taxed and added to your salary. You get 40ppm for a petrol engine.

Option C (what im on) - You get £5500 a year in the form of car allowance which is taxed and added to your salary. You get 12ppm for a petrol engine.

I don't do MASSIVE miles so went for the higher initial allowance. Which basically gave me £350 a month to pay off any sort of finance.

HTH.

Thanks for that, really useful, I don't get a car allowance of any sort so I just claim mileage, but htis has give me some ideas of how to get my salary increased   :evil: :laugh:

Offline AlanD

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Re: Mk5 GTI MPG
« Reply #28 on: 17 January 2009, 11:36 »
Yeah, I effectively get paid an extra £5500 a year as I don't have to spend the money on a car. Could just buy a hunk of junk and pocket the extra £350, but where's the fun in that lol.

Offline dan_apps

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Re: Mk5 GTI MPG
« Reply #29 on: 17 January 2009, 11:42 »
have been doin some ridiculous mileage recently though, i did a couple thousand miles last week and i dont tend to go slow around the windy roads of mid wales anyway work or not, dont bother worrying about it anymore as alot is for work and gets subsidized anyway.  :smiley:

Slightly off topic but do you claim the Mileage Allowance Relief back?
I keep looking at it as I do a lot of miles a year for work but never want to get the tax man involved in my finances, :wink:
But if your company is paying you 12ppm you might be able to get tax relief up to 40ppm which may be better in your pocket than theirs.
More details here http://www.hmrc.gov.uk/incometax/relief-mileage.htm

yes mate already claimed for this period  :wink: not alot gets past me when there is cash involved!  :grin: only drawback i have now is my role is YET AGAIN changing so i wont be doing the same mileage as this period which means i might owe taxman some money, dont know yet!

thanks anyway :afro: