Are mileage allowances paid as an employee taxable at tax return time?


Question:
I am an employee and have for the last year been recieving a car allowance (cents per km method). No tax has been withheld, do I need to pay tax on this when filing my Tax Return. i.e Will it be added on to my Gross Income?

Answers:
No - it is a legitimate expense reimbursement. It is a deductible expense for the business, but not income to you

This article contents is post by this website user, HiAnswer.com doesn't promise its accuracy.



More Questions & Answers...
  • Where can I find out how much i paid in prior property taxes?
  • Which is better,and cheaper, file your own tax return or get service of account?
  • How much tax, national insurance and student loan repayment should I pay on a salary of £20,000?
  • Problems with council tax bill - could it affect credit rating?
  • New 1099 Employee.Freaking out!?
  • I want quit working part time to look after my children. What benefits would i get?
  • Whens tax free day for virginia?
  • I am buying lots of items from China. Sometimes I need to pay a tax on the boxes, but not all of them. Why?
  • Is there Sales Tax on cement?
  • Do you pay for tv licence in the UK?
  • Copyright 2006-2007 HiAnswer.com All Rights Reserved.