Where Is The Trap?
We would not be doing our job if we did not advise you of a trap though! If you have a self employed contractor turning over less than the current vat registration limit then they can be paid via AMAPS. But anyone turning over more than that cannot use this scheme.
So you pay them the allowance per mile and its tax free and also National Insurance free. Of course, their charge to you is correspondingly reduced.
Every Business Mile Is A Chance To Get Tax Relief
Where Is The Saving?
The saving occurs when a contractor works mainly for you and has an older vehicle. Being low in value, the AMAPS rates can be higher than the running costs and that is where he gains
Sharing Is Caring!
If you found this page useful, please care and do a share!