Mileage allowances A more generous concession is the cycle mileage allowance. Your employer can pay you up to 20p per mile tax free, if you use your bike for business travel such as going to meetings, or visiting other branches or customers. If your employer pays you nothing, or less than the full 20p, you can claim the balance as a deduction from your tax. If you get a tax return, enter the total you are claiming in box 1.32 (or box 9 if you get a"short return"). Otherwise phone your tax office and ask them to increase your Pay As You Earn (PAYE) tax code to reflect your mileage allowance, so you pay less tax. At the same time, ask for a tax refund for all work- related travel since April 1999, when the rule was introduced. If you do not know exactly how many miles you travel, the Revenue should accept a reasonable estimate.
Posted on: Sat, 28 Sep 2013 17:26:42 +0000
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