Motoring Discussion > Ford Focus - Cost per mile expenses Miscellaneous
Thread Author: L'escargot Replies: 3
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 Thu 19 May 11 17:06 
 Ford Focus - Cost per mile expenses - L'escargot
I recently had a problem with one of my savings accounts which involved me making three visits to my bank to solve. They admitted it was their fault and offered me recompense of how much it had cost me for the three visits. The offer came out of the blue and because I wasn't prepared for it I said the first figure which came into my mind ~ 40 pence per mile. Should I have gone higher?
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 Thu 19 May 11 17:11 
 Ford Focus - Cost per mile expenses - DP
40p per mile is the approved rate by HM Revenue & Customs for business mileage purposes, so I would say you are spot on. :-)
EDIT: Actually, it's gone up to 45p for 2011/12.
Last edited by: DP on Thu 19 May 11 at 17:12
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 Thu 19 May 11 18:12 
 Ford Focus - Cost per mile expenses - Iffy
Forty pence seems to be what a lot of companies pay, so as DP says, pretty much spot on.

The rate sometimes goes down after the first 50 or 100 miles of any one journey, but I'm guessing that won't apply in this case.
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 Thu 19 May 11 20:31 
 Ford Focus - Cost per mile expenses - Falkirk Bairn
HMRC rate was upped to 45p after April 6th 2011
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