mileage rate

[lurch]

what sort of rates do you chaps charge for a mileage rate in the event that your asked by a client to carry out works on a day rate basis? Is 40p a mile reasonable?

Cheers

 

[acat]

About right add a bit on for servicing, fair wear and tear insurance and tax costs. Dont forget to add a bit on to the job for travelling time.

Chris

 

[WILLRUK]

Hi Lurch

40p is the HMRC accepted rate. Here's a link to their site

HM Revenue & Customs: Rates and Allowances - Travel.

Rgds

Will.

 

[flukey]

what sort of rates do you chaps charge for a mileage rate in the event that your asked by a client to carry out works on a day rate basis? Is 40p a mile reasonable?

Cheers

hi lurch. i charge 50p per mile and have never had any complaints

 

[lurch]

cheers all. think I'll split the difference and go for 45p/mile

 

[WILLRUK]

Hi Lurch,

sorry should have clarified in my original post; obviously you can charge what you like for mileage (and as flukey says if the client is happy then no problem), however the HMRC approved rate of 40p is the amount they allow as an expense claim, any marginal amount above 40p attracks a rate of tax.

rgds

Will