T.R | Title | User | Personal Name | Date | Lines |
---|
2139.1 | | SUBURB::THOMASH | The Devon Dumpling | Tue Aug 24 1993 21:11 | 12 |
2139.2 | I am opting out! | CMOTEC::POWELL | Nostalgia isn't what it used to be, is it? | Thu Sep 16 1993 13:32 | 51 |
2139.3 | | COMICS::SHELLEY | Lead, follow, or get out the way | Tue Apr 15 1997 13:57 | 20 |
| As I do a lot less miles these days I'm thinking about opting out the
scheme when my car comes up for renewal.
The thing is, I do a limited amount of business miles but would not want
to use my own car for business use once I'm out the scheme.
Is anyone else in this situation ? What I was wondering was what hire
car arrangements can you make for business use if you are out of the
scheme but a qualified car user. I would expect to pay for a hire car
but would the insurance be covered by the company ? What rental price
would I expact to pay for the cheapest class of hire car ?
I've asked locally but no one knows the procedure even HR helpline
weren't too sure.
I thought there mat be other folks in a similar position.
Thanks for any info.
Royston
|
2139.4 | I was sent the following: | MARVIN::ILETT | | Tue Apr 15 1997 16:33 | 51 |
| I left this lease scheme last year, here's one of the mails
that my manager was sent:
Phil.
From: NAME: Katrina Bassett
FUNC: HR Service Centre
TEL: 830 4973 <BASSETT AT A1@RDGENG@REO>
CAR SCHEME END OF LEASE OPT-OUT FORM
CONFIRMATION OF REQUEST
TO: DATE: 20TH JUNE 1996
This is to confirm that Phil Ilett's request to withdraw from
the Car Scheme has now been received and approved.
Following the decision to opt out of the Car Scheme, the
employee must be aware of the following:
- The employee is not automatically entitled to rejoin the
Car Scheme.
- All mileage expenses must be claimed at the appropriate
rate. For Supplement Holders this is currently 8p per
mile.
- The employee is responsible for their own travel
arrangements.
** - Any hire car expenses will not normally be met by the
** Company. The employee is responsible for ensuring that
** he/she makes adequate travel arrangements and meets the
** cost.
Please inform Phil accordingly.
Regards,
Human Resources
|
2139.5 | | COMICS::SHELLEY | Lead, follow, or get out the way | Tue Apr 15 1997 16:40 | 3 |
| Thanks Phil, thats useful info.
Royston
|
2139.6 | Car hire rates from VTX | BIS6::BROWN | | Tue Apr 15 1997 16:46 | 19 |
| The following is an extract from VTX. The rates may not include
insurance, CDW or PAI or VAT. You should also consider additional
charges which may be payable for delivery/collection, airport office
surcharges, and out of hours call-out fees.
Chris
>American Express American Express
> 18-Feb-1997 14:32 CAR HIRE
>
> The Digital preferred car hire company is Avis
>
> Group Daily Unlimited Mileage Rate
>
> A GBP19.85
> B GBP21.80
>
|
2139.7 | | KERNEL::PARRY | Trevor Parry | Wed Apr 16 1997 13:35 | 12 |
2139.8 | | COMICS::SHELLEY | Lead, follow, or get out the way | Wed Apr 16 1997 13:57 | 9 |
| Trevor
Can you say more about how you claim the difference against tax
and also how you can justify this to the tax man because the company
gives a car allowance.
Thanks
Royston
|
2139.9 | | COMICS::CORNEJ | What's an Architect? | Fri Apr 18 1997 18:56 | 6 |
| Are you sure it is a "car allowance" and not a "market supplement"?
It makes no odds to my pocket, but it might to the tax man!
Jc
|
2139.10 | | MARVIN::HIGGINSON | Peter Higginson DTN 830 6293, Reading UK | Tue Apr 22 1997 02:14 | 15 |
|
Re: .8
Whether it's a "car allowance" or not, you get it after deduction of
PAYE tax once you opt out of the scheme - as far as the tax man is
concerned it's just extra salary.
According to an article in the Sunday Times, you can claim the difference
between 33p per business mile and the amount paid by your company against
tax.
I have no proof this is accurate.
Peter
|
2139.11 | | KERNEL::PARRY | Trevor Parry | Tue Apr 22 1997 16:14 | 6 |
| It is accurate, well the facts are, not necessarily the numbers. The
33p is down to the discretion of the taxman.
I've got my form now to claim the expense, just got to get around to
filling it in and getting a P11D off payroll to get the mileage.
/tmp
|
2139.12 | | TGRAPH::WEGG | Some hard boiled eggs and some nuts. | Tue Apr 22 1997 17:39 | 10 |
| Well I just happen to have the 1997 Inland Revenue Tax Return Guide about my
person. There appears to be a box on the self assessment form for claiming back
the tax on this difference.
"More information is in leaflet IR125: Using your own car for work, available
from the Orderline."
The Orderline number is 0645 000 404, or FAX: 0645 000 604.
Ian.
|
2139.13 | Taxing question | MILE::JENKINS | | Thu Apr 24 1997 16:49 | 26 |
2139.14 | | KERNEL::PARRY | Trevor Parry | Thu Apr 24 1997 16:57 | 9 |
| Depends on the size of the engine. 61p is for over 2000cc. They've
got 2 methods of taxing you. I'm considering using the 61p per mile
(on my 3 litre car) cos it has cost nowhere near that to run.
As mentioned, the form says it all. (P87) and the leaflet IR125 tells
you about it. I've got one with me if anyone in CSC wants to have a
look, Roy, and if you can find me.
/tmp
|
2139.15 | got the booklet | MARVIN::HIGGINSON | Peter Higginson DTN 830 6293, Reading UK | Wed Apr 30 1997 02:23 | 13 |
|
Thanks to Ian in .12 I've now got a copy of IR125
You can either use the real costs and the proportion of business to
private miles or (from 1996-7) the table of allowances per business
mile depending on engine size.
If you are in REO the table is on the notice board outside my office
(REO-2/first floor/E9). The text reads as if you have to pay tax on
any excess allowances over the figures but it does say elsewhere in
the booklet that you can get the difference allowed against tax.
Peter
|