Payables and Cash Management - EBS (MOSC)

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Variable tax rates on mileage (iExpenses)

in Payables and Cash Management - EBS (MOSC) 1 commentAnswered
Hi - am totally stuck with this so would appreciate any advice

Will simplify the situation we have.

We have 2 vehicle categories (VC) with different mileage allowance for each

VCx allowance is 40p/mile up to 1000 miles and then 25p/mile

VCy allowance is 25p/mile for unlimited miles

The tax rate is 17.5% and only applicable for 25p a mile on each category, i.e. 15p on VCx attracts no tax for the 1st 1000 miles travelled

If we only had VCy it would obviously be straightforward, with a blanket 17.5% rate and no complications with the mileage rate changing after x amount of miles.

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