Claiming Mileage on A Company Car

Claiming Mileage on A Company Car

If you have a car provided for you by your company, you can still claim back mileage for your business travel, however it is not at the same rate as if you were using your personal vehicle.  This is because Claiming Mileage on A Company Car on a company car, the company will pay for wear and tear and maintainence of the vehicle, whereas you would be paying this if you owned the car personally.Claiming Mileage on A Company Car

The amount per mile that you can claim is therefore not 40p, and is as follows:

The next thing you need to decide is how is fuel going to be paid for.

The options are:

• Pay for all fuel yourself and then claim a mileage allowance for travel on company business (note that this is not at the same rate as for use of a personal car – see above for rates);Claiming Mileage on A Company Car
• The company pays for all fuel and then you pay the company a mileage allowance for personal use;
• The company pays for all fuel (including personal travel) and you pay additional income tax and national insurance for this employee benefit (this is a good option if you do a lot of personal travel).

If you are paying for fuel personally and claiming a mileage allowance for business use of the car or if the company is paying for all fuel and charging you mileage for personal use of the car then you again have some options; you can either use a set rate published by HMRC or calculate the actual fuel cost/mile and use that.Claiming Mileage on A Company Car

You should note that Claiming Mileage on A Company Car  if you are using the actual fuel cost/mile instead of the figures from the table, it is up to you to keep records and prove that the figures you use are accurate for your car (fuel receipts and mileage records over a period of months).Claiming Mileage on A Company Car

Claiming Mileage on A Company Car