PTC - AMRs

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Registered Posts: 35 Regular contributor ⭐
Okay so say for example an employee does 12000 miles a year.. and the company reimburses him 50p per mile, i know that additional 10p is a benefit in kind

however say for example if the reimbursed him 30p per mile.. it would be a cost to the employee.. where would you put it?

thanks for any help

• Registered Posts: 158 Dedicated contributor 🦉
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the employee would be owned the remainder of he claim etc 20p per mile and is entitled to claim the rest on the tax return - if he dose'nt it's his own fault.
• Registered Posts: 35 Regular contributor ⭐
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so would i take it off in the allowable deductions? or just ignore it completly
• Registered Posts: 45 Regular contributor ⭐
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tauq786x wrote: »
Okay so say for example an employee does 12000 miles a year.. and the company reimburses him 50p per mile, i know that additional 10p is a benefit in kind

however say for example if the reimbursed him 30p per mile.. it would be a cost to the employee.. where would you put it?

thanks for any help

The first 10000 miles are allowable at 40p per mile and the rest at 25p per mile.

Allowable
10000 x 40p = £4000
2000 x 25p = £400
Total = £4400

Paid
12000 x 50p = £6000

So there is a taxable benefit of £1600 which goes in box 12 on E1

Second scenario,

Allowable
10000 x 40p = £4000
2000 x 25p = £400
Total = £4400

Paid
12000 x 30p = £3600

So there is an allowable expense of £800 which goes in box 17 on E1

This figure is included in your benefit in kind calculation, either way. At least that's my understanding!
• Registered Posts: 158 Dedicated contributor 🦉
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tauq786x wrote: »
so would i take it off in the allowable deductions? or just ignore it completly

Yes, take it off!
• Registered Posts: 35 Regular contributor ⭐
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Thank u!!!
IF i pass im taking u out lol