Old Jul 14, 2007 | 02:10 PM
  #5  
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Shings
PassionFord Post Whore!!
 
Joined: May 2003
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I get £3500 a year in car allowance.

It works out about £290 a month before tax I am taxed normally on it (well normal for me)

I only get the inland revenue advised rates for mileage- currently on a car up to 2000cc thats 11p a mile and after August the 1st it will be 13p.

The rest of money up to 40p I can claim back at the end of the year using form P87.


I use this websites tax calculators to help me out... but they seem to have a problem with their K code calculations- the others seem to tally with other websites though.
http://www.taxassist.co.uk/calculators.php


Jake
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