Your Company Cars / Car Allowance?

Scheme Type- mileage allowance and lumpy
Car- 335i
Business mileage- 500 to 1000 per month
Personal mileage- 500 miles a month
Fuel paid for (inc personal) or mileage allowance- 25p/mile plus £5.5k per year lumpy (might be £5.8k )
Rough tax implication- tax on the lumpy


I did have £1800 per year and 40p per mile for the first 10k
 
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Scheme Type- Company car
Car- Ford Mondeo Estate (bottom of the barrel version)
Business mileage- Around 2K a month lately, down from about 3-3.5k a few months ago.
Personal mileage- Usually around 0-30 a month unless I use it for driving to a football away game, I have my own car as I like driving something nice on the weekends rather than a dull estate car.
Fuel paid for (inc personal) or mileage allowance- All mileage paid for via fuel card, personal miles deducted directly from my salary. To give you an idea last month I paid £4.46 for 38 miles
Rough tax implication- Cant remember tbh, the last time I checked on the tax calculator on comcar.co.uk it was around £65 a month.

I work in mobile IT support for a large international services company. Really hoping to get a new car soon as I've been stuck driving the same work car for over four years now and really need a change!
 
Yep the company have their own policy, just need to make sure you read the T&Cs and company guidelines so you don't get caught out on something stupid like if someone borrows the car etc.

I've had two RTA's in mine (one being hit up the back on the approach to a roundabout and the other getting hit by a lorry's trailer, both were non-fault) and you just let the leasing company sort it all out which is handy.
 
DRZ said:
No he can't as he has a company car. 13p is the HMRC tax-free rate under such circumstances.
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Yep, sorry… right you are.

Question; Assume person X has done 1000 miles in the last year and they gets 20p per miles in mileage allowance (no company car) = a mileage payment of £200. Person X is a 20% tax payer so can also claim back the tax on their mileage up to 40p, so he would get £200 worth of tax relief so they would end up paying £40 less tax. Have I understood that ok?
 
Scheme Type- Mileage Allowance - £5,500/Year
Car- Seat Leon Cupra R
Business mileage- 1500 miles per month
Personal mileage- 500 miles per month
Fuel paid for (inc personal) or mileage allowance- 15p/mile
Rough tax implication- Taxed on the allowance as its paid with salary

I'm just starting work with a new company on Monday, it did have a previous thread regarding what company car to pick but I got a better offer with more prospects from another company who doesn't have an age limit on their car allowance scheme as long as the car works basically!
I work as a Quantity Surveyor for a main contractor doing social housing, education, leisure projects.
 
Spamalot said:
Yep, sorry… right you are.

Question; Assume person X has done 1000 miles in the last year and they gets 20p per miles in mileage allowance (no company car) = a mileage payment of £200. Person X is a 20% tax payer so can also claim back the tax on their mileage up to 40p, so he would get £200 worth of tax relief so they would end up paying £40 less tax. Have I understood that ok?
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Yep. Assuming they pay via PAYE, they could get this £200 added to their tax code if they predict that the mileage will be similar to avoid being owed tax in the future.
 
I'm confused by all this and would like to know if I ought to be doing things differently. I do 300-400 business miles per month paid at 43.462p per mile (no idea why that number) I don't get any tax taken from the money I get paid because of that. Is that correct?

So going on 300 miles a month I get £130 per month added to my wages. I've also worked out that my car costs ~16p per mile to run including tax, insurance, servicing, MOT, tyres and fuel. So am I right in thinking that I'm making a profit on my mileage allowance? If so does that mean that this is the best way for me to carry on or would it be worthwhile pushing for a car, or car allowance or fuel card or something?

I don't consider myself to be properly stupid but tax really confuses the hell out of me!
 
Scheme Type- £4800 a year and mileage allowance
Car- x reg astra van :P
Business mileage- Last couple of months = 1500-2000 per month
Personal mileage- 50
Fuel paid for (inc personal) or mileage allowance- 40p a mile
Rough tax implication- 20% on allowance

Monkey boy, it depends on how reliable the car is or how expensive it is to repair, for me it works out LOADS better to have my own car, I make around £500 a month over the cost of fuel alone, and the car doesnt cost £500 a month to maintain :P on top of that the allowance of £400 covers the cost of the car insurance blah blah.
 
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not me but my dad's last car before he retired


Scheme Type- Car allowance of 550 per month
Car- Mercedes E Class
Business mileage-around 3000 per year
Personal mileage- around 14 000 per year
mileage allowance
Rough tax implication- no idea
 
Just out of interest those of you who have company cars but do minimal work milege - why does your company provide a company car?

Surely the last persons dad didn't need a Merc E Class for 3k a year, so is it just to keep a 'company image' or something?
 
Peerzy said:
Just out of interest those of you who have company cars but do minimal work milege - why does your company provide a company car?

Surely the last persons dad didn't need a Merc E Class for 3k a year, so is it just to keep a 'company image' or something?
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It's part of my overall package, used to travel up and down the country but over the years as my bladder's got weaker the company has realised that it makes no sense to send an oldie 200 miles if he has to make 20 stops there and 20 back :D

Result is that as the car was part of my stronger bladder days, it would be un-PC to take the car away due to having ****-stained undies, I think?
 
Often in such cases its not about image but about an attractive total package for staff.

I never had a car of my own all my working life. I had company cars from the week after I passed my driving test at eighteen. For most of that time there were either no tax implications whatsoever or insignificant tax implications, except re fuel for private mileage. Having said that in all my positions I did very considerable business mileage except for a very short period where I did no more than 5k business miles a year.

Company cars are not such a relatively free perk anymore.
 
Scheme Type- Mileage allowance only
Car- Octavia vRS
Business mileage- 50 - 750 miles per month (usually 300 - 400)
Personal mileage- 300 on a normal month
Fuel paid for (inc personal) or mileage allowance- 40 ppm allowance
Rough tax implication- N/A

I used to be in the essential car user scheme before they scrapped it which was 28ppm and £70 a month.

I was also given the chance to opt in to the subsidised car lease scheme but after doing the sums I decided against it. Hindsight being a wonderful thing I wish that I had as my Octavia has cost a fortune in repairs and I'm now considering swapping to a standard 1.6 Focus or 1.8 Civic anyway.
 
The IBM scheme offers you an exciting choice of diesels and limits personal mileage to the point that you need to do a lot of business miles for the derv to actually be more cost effective.

Edit:
Unless you're on a high enough Pay scale, then you'd get a 3 litre BMW Z4.
 
Scheme Type- Car ownership scheme - No tax but also no option to opt out if you do over 8k a year business miles.

Car- Honda Accord ESGT NAV 2.2 D-tec yo
Business mileage- 15k
Personal mileage- 15k
Fuel paid for (inc personal) or mileage allowance- I pay tax on my fuel card, the best option for me.
Rough tax implication- around £50 a month for fuel card, Employee contribution is £100 for the car.

Ours a decent scheme apart from the fact we cant opt out and we can only have Diesels.It suits me as my private miles are high, if they werent then it maybe not so good.
 
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