P87 Tax Relief?

Question

I have applied for a rebate through a P87 for the same time. The form says I can claim back 40p a mile for the first 10,000 and 25p / mile thereafter. The Inland Revenue have told me that they will send a cheque for relief only on the total I have claimed for. Is this right or should they refund 40p / mile etc?

Answer 1

No, they won't refund 40p a mile. They will multiply 40p X number of miles, and/or 25p x number of miles, and you will get tax relief on that, either at 20% or 40%, whatever your top rate of tax.

Answer 2

Check it with the following site.

Claiming Tax Relief on Mileage: TheTaxGuide

... for claiming tax relief on mileage incurred through employment, and the way in which this relief can be applied ... P87 form you must, therefore, provide the ...

www.thetaxguide.co.uk/claiming-tax-rel...