Dieselman
Banned
- Joined
- Jul 13, 2003
- Messages
- 34,206
- Car
- Peugeot 403 Convertible
^ An additional running cost to make your car appear like a 2 stroke moped.
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You can't claim 45p per mile from HMRC, you can be paid a maximum tax free payment of 45p per mile.
If the rate paid for the total reimbursement of the car is less than 45p per mile you can only recover the tax difference between the two values.
Thats exactly what I said he can claimi 45p - 28p = 17p back from HMRC for the first 10k business miles
^ An additional running cost to make your car appear like a 2 stroke moped.
It's isn't.
He can't claim an additional 17p, just the taxable difference, which at 40% is 6.8p.
This isn't just for fuel costs, it is for all payment linked to the total car running costs.
Can you switch from petrol to gas? Or, better still, is it done automatically depending on conditions?
I'm intrigued about using LPG with a turbocharged petrol engine, I thought it was very difficult to do. Is there any literature anywhere on doing the conversion? (I have a 70s Bristol in mind, so carburettor rather than fuel injection).
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