Discuss How much is a mile per penny? in the Electrical Forum area at ElectriciansForums.net

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Delboy247

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How much do you allow for mile per penny if you where jobbing all day as the guy I work for says wack in a bit of diesel each week??
 

Guitarist

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Depends how you started when you registered as a sole trader. Some use the cost per mile formula, but I use the % of fuel used method.
 

Richard Burns

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Though I believe the actual total cost of running a vehicle is now approaching £1 per mile once you figure in the proportion of repairs, servicing, insurance, and tax as well as diesel for each mile.
 

netblindpaul

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HMRC rates are only relevant if you are claiming back against personal tax.
You are legally allowed to charge customers (in any form) whatever you like, if you can persuade them to pay £2/mile then this is fine.
 
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