What Tom said + links
HMRC mileage rules
https://www.cyclinguk.org/article/campaigns-guide/tax-incentives
If the company pays it then you may need to declare tax on it (although you are still ahead) - depending on your normal place of work.
If the company doesn't pay anything, then you can still claim the 20p per mile cost of cycled business trips on your tax return. tax-relief-for-employees/vehicles-you-use-for-work
Depending on whenever you are an employee or working through your own Co as a consultant outwith IR35 could also impact your normal place of work
Fun fact:
If you even once had to wfh because covid, then you can potentially claim £6 per week for 52 weeks of the year against your tax tax-relief-for-employees/working-at-home. You can do it on your tax return or through your payslip - there is a how-to and questionairre on the link just given
Non govt links : /working-from-home-tax-relief/ :
Martin Lewis
Get £125 tax back to spend towards the N+1
No, someone I know built it, sold it (I was gutted), and then it was re-sold. Done a bit of tweeting on it, but the basic set up was his. I love it. Will have to change a few bits to meet my needs.That's quite a rig! Did you build it yourself?
Employees are compensated by their employers, not HMRCYou'd have to have a fairly slack employment contract for them to have not kept your workplace as 'the office' even if you were currently working from home. So I'd say it was very unlikely you could claim your 20p per mile.
Having said that it amazed me when I worked in education how they effectively subsidized free parking, which just encouraged lots of staff to drive to work for what were short distances, while there wasn't so much as a cycle shed in one of the places..
A tenner a week over four years is nowt to be sniffed at!No one ever questions the 20p a mile. Just claim it.
Once you claim it they keep paying you forever.A tenner a week over four years is nowt to be sniffed at!
Employees are compensated by their employers, not HMRC
I don’t understand any of that. Never mentioned taxes.The point of the mileage rates allowance is that usually you can be paid that by your employer without it becoming a taxable benefit for business travel. However it isn't allowable for travelling to your normal place of work.
If your employer doesn't pay you anything for business travel (which would be unusual)- i.e. travel to anywhere that isn't your place of work, then per the links posted up, you can claim 20p per mile expense - though that'll be offset against your income, so, per my understanding of the rules, you'll get tax relief at whatever your marginal rate is. - i.e. you won't be paid 20p per mile, but the income you have to pay tax on will be reduced. If someone knows different from experience then fine - I've never claimed it.
You can take TCs advice or not!
I have some vague memory that some councils did offer this as an incentive for people to cycle to work.I'm surprised if they are paying it for normal commuting
If it comes from an employer, wouldn’t it just be calculated by PAYE anyway?I have some vague memory that some councils did offer this as an incentive for people to cycle to work.
Logically it would be counted as a taxable benefit i think, as a commute is not a business expense (even though you only do the journey because of work...)
thisAs far as I know you can’t claim for your normal commute, it’s only if you travel around as part of your job, like a courier.
If it comes from an employer, wouldn’t it just be calculated by PAYE anyway?
Yes - you get what you pay for. Also email them if questions - they are very helpfulYou have a tailfin. Looked at them before, any good?
"suitable for bikes with disc breaks"
Is that a prediction?
One of my previous colleagues has ridden it on a rigid Kona. He's quite hard though.I’d be broken if I tried it, feeling quite intimidated tbh, my Surrey Hills mountain biking seems rather puny right now…
Is there footage? go pro etc?One of my previous colleagues has ridden it on a rigid Kona. He's quite hard though.