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Posted: Tue Apr 15, 2014 7:54 am
by Struzzo39
HI, I currently work for the NHS and have been told I have to work at another site putting an extra 40 miles a day on my journey. I am allowed to claim for petrol for this through work on the extra miles travel from my normal base of work. How would this work within the iva? Would I have to pay it over as deemed as extra income? Or could I keep it as Our petrol expenses have gone up ten fold?
Posted: Tue Apr 15, 2014 8:11 am
by Shining
My guess would be it's yours to keep as it's not income as such but something you'll get in one hand and pay out in the other on the forecourt.
Posted: Tue Apr 15, 2014 8:34 am
by UpToMyNeckInIt
Assuming it's your own car, anything extra you are being paid up to 45p per mile (HMRC's taxable profit threshold) you should be allowed to keep.
This allows not only the extra fuel, but also wear and tear and additional maintenance etc.
Posted: Tue Apr 15, 2014 8:58 am
by Adam Davies
Hi
Keep it
It is not only to cover petrol but maintenance on your car
Just explain to your IP that there will be additional income due to a refund of travel expenses, you will not have to pay more into your IVA
Regards
Posted: Tue Apr 15, 2014 6:17 pm
by Struzzo39
Thanks all for your help. Put my mind at rest
Posted: Tue Apr 15, 2014 11:59 pm
by Grayson.sc
This is good to know as I was thinking of asking the same question as my wife may potentially be relocated within her company causing an additional 30 to 40 miles a day. The company have said they will pay additional expenses for the first six months but after that there will be no extra help for the extra travel. Hopefully our IP will be nice to us if these plans go ahead.
Posted: Wed Apr 16, 2014 8:42 am
by Adam Davies
Hi
Your IVA payments should reduce once the travelling expenses stop
Regards
Posted: Thu Apr 17, 2014 11:22 pm
by MelanieGiles
Is the allowance that you are being paid, likely to cover all of your additional expenditure, Struzzo?
Posted: Fri Apr 18, 2014 6:26 pm
by Struzzo39
Yes and some. But hadnt thought about wear and tear on car. Which we def cant afford. As the cars ageing its costs are increasing
Posted: Fri Apr 18, 2014 9:17 pm
by MelanieGiles
All of this money should be retained to meet the costs of running your car.
Posted: Sat Apr 19, 2014 11:49 am
by Struzzo39
Thanks for the help and advice. UpToMyNeckInIt you mentioned HMRC taxable profit threshold sorry if I sound really thick but does that also mean that I don't pay tax on this?
Posted: Sat Apr 19, 2014 12:10 pm
by Foggy
Mileage expenses up to 45p per mile do not incur income tax. Anything over this will have to be counted as taxable income.