Tax Code and Expenses

Discussion in 'UK Accountancy' started by Kevin, Oct 22, 2004.

  1. Kevin

    Kevin Guest

    Can somebody confirm whether my understanding of what the IR told me
    this morning is correct. I put milage expenses on my P11 as I had
    exceeded 10000 miles but paid the expenses at 40p. The amount invoved
    was £2177.
    Yesterday I got a new coding, it had the expenses payments of £2177
    but an additional £2172.
    I telephoned the IR to query this and communicating in Chinese would
    have been easier. After a very long fraught conversation I gather that
    the IR assume that expenses continue this year at last years rate and
    therefore collect tax on this years expenses on this years code.
    Since I don't expect to exceed 10000 miles this year I will not owe
    any tax. Should I write and tell them so.

    Thanks

    Kevin
     
    Kevin, Oct 22, 2004
    #1
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  2. Kevin

    Peter Saxton Guest

    On 22 Oct 2004 09:31:43 -0700, (Kevin) wrote:

    >Can somebody confirm whether my understanding of what the IR told me
    >this morning is correct. I put milage expenses on my P11 as I had
    >exceeded 10000 miles but paid the expenses at 40p. The amount invoved
    >was £2177.
    >Yesterday I got a new coding, it had the expenses payments of £2177
    >but an additional £2172.
    >I telephoned the IR to query this and communicating in Chinese would
    >have been easier. After a very long fraught conversation I gather that
    >the IR assume that expenses continue this year at last years rate and
    >therefore collect tax on this years expenses on this years code.
    >Since I don't expect to exceed 10000 miles this year I will not owe
    >any tax. Should I write and tell them so.
    >
    >Thanks
    >
    >Kevin


    Yes

    Unfortunately the Inland Revenue tend not to read the majority of the
    letters they receive and reply to even less.


    --
    Peter Saxton from London
     
    Peter Saxton, Oct 22, 2004
    #2
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