Milege allowance

Get expert opinion. This is the place for new questions to be posted.
7 posts Page 1 of 1
 
 

cfc1

User avatar
Posts: 28
Joined: Thu Jul 16, 2009 7:21 pm
Location:

Post by cfc1 » Thu Jul 16, 2009 8:17 pm
Im on a short term project for work at the moment and im travelleing a lot of miles to which i can claim 35p a mile allowance, this is tax free and excluded from my P60 . Do i need to declare this ?
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:

Post by Michael Peoples » Thu Jul 16, 2009 8:20 pm
You could tell your IP to keep yourself covered but as it is an expense it wOuld not need to be paid into the IVA.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

cfc1

User avatar
Posts: 28
Joined: Thu Jul 16, 2009 7:21 pm
Location:

Post by cfc1 » Thu Jul 16, 2009 8:33 pm
Thanks once again .. Most useful feedback
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Thu Jul 16, 2009 9:08 pm
This is paid to you to cover not just petrol but also the wear and tear your vehicle will suffer as a result of using it for work purposes. As Michael says, let your IP know, but it will not form part of your disposable income calculation.
Regards, Melanie Giles, Insolvency Practitioner
 
 

cfc1

User avatar
Posts: 28
Joined: Thu Jul 16, 2009 7:21 pm
Location:

Post by cfc1 » Thu Jul 16, 2009 9:24 pm
MelanieGiles wrote:

This is paid to you to cover not just petrol but also the wear and tear your vehicle will suffer as a result of using it for work purposes. As Michael says, let your IP know, but it will not form part of your disposable income calculation.
Thankyou.. I was a bit concerned and now im not. It was the fact that the payment will show on my wageslips, just when my review is coming up
Last edited by cfc1 on Thu Jul 16, 2009 9:26 pm, edited 1 time in total.
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Thu Jul 16, 2009 9:27 pm
Which is why it is best to pre-warn them to avoid any confusion at the time of the review.
Regards, Melanie Giles, Insolvency Practitioner
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Fri Jul 17, 2009 4:24 pm
I receive 40p a mile for all additional mileage travelled other than to my "home" office - this is paid separately into my account as and when it is incurred and I have not had to declare it to my IVA company as it simply covers additional mileage, wear and tear and parking costs that I have had to already payout for....just let your IP know
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
7 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”