FREE WORKBOOK
Van and Mileage Log
Twelve months of business miles at 55p and then at 25p, which is not the same as twelve months at 55p.
Join dozens who use this
Who this workbook is for
Anyone driving between sites who has been claiming one rate all year and has never checked where the band falls.
You have been claiming 55p on everything
The rate drops after 10,000 business miles in the tax year. So 12,000 miles is 10,000 at 55p and 2,000 at 25p, which comes to £6,000 rather than £6,600. The average is 50p and it keeps falling the further you drive. On the worked year the band is crossed in month eleven, which is exactly when nobody is watching.
You run two vehicles and assumed two allowances
The 10,000 mile band follows the person, not the van. Two vehicles do not give you two bands. It resets on 6 April and not on your accounting year end, which catches out anyone whose year runs to anything other than March.
You want a log that survives a question
Date, site, miles and a running total, with the split between the two rates worked out month by month. A log kept weekly is evidence. One reconstructed in January is an estimate, and it looks like one.
