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I read that there is an exception for mileage allowance benefit.
The employee must pay class I primary on a mileage allowance benefit (business and private use) even though it is a benefit.Can anyone confirm this?
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Yeah the employee needs to pay class 1 primary on mileage allowance.
You can also refer to Kaplan revision kit Question number 13- Jerome and Tricycle ltd.
@hershey said:
Yeah the employee needs to pay class 1 primary on mileage allowance.You can also refer to Kaplan revision kit Question number 13- Jerome and Tricycle ltd.
Class 1 is due on any benefit received above the annual allowance
The first 10,000 @ 45p and above that at 25p are tax free, anything in addition will be a taxable income and earnings for NI
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yeah you are right, anything above the allowance is taxable as class 1 primary.
Thank you 🙂
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