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Hi all, Please help me out with this. I have been asked to pick up some furniture in my L200 pickup. I can work out the cost of fuel and my time easily, but is there a rate per mile I should be charging to cover fuel, wear&tear, depreciation/use of vehicle etc? This is not my usual line of work, so I'm in the dark here. Yours views?. Thanks, Johnny
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IIRC - HMC&E consider it to be 40p per mile before you start making a profit (and get taxed)
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Thanks hamsafar, I was thinking of 50p so I'm about right. Anyone else?
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are you insured to do this?
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Running cost of the car for total ownership (insurance, depreciation, tax, HP/Lease/Loan, tyres, servicing etc) divide by total ownership mileage (estimated) = fixed costs per mile. then add on your variable costs per mile (fuel + Driver + incidentals) = total cost per mile.
Easy huh!.
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Bellboy, Yes. TU, as you say "huh " !!! Think I'll charge 50p per mile + my time. Thanks guys.
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does what car still quote a cost/mile for ownership (assumes bought new and 12K miles per year)
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If this is income related then HMRC surely say for upto 10k miles you get 40p per mile. Why not just come up with a fixed hourly price plus petrol knowing the hourly price is okay by you. Obviously you will then pay tax and national insurance on that sum.
So if moving furniture in an open L200 (or is it covered), hope you're insured if it rains and damages the furniture.
To make a few quid don't price yourself out of the market. Vans are fairly cheap to hire.
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if its a "one off" look at distance between A + B, estimate fuel cost in your head, load up furniture,chuck tarp over it and deliver, when you get there, charge estimated fuel cost, £10 wear n tear, £20 for your time, go home park up, into pub and enjoy fruits of your labour! luvly!
Billy
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Don't forget the fuel to get you to the job, and back from the delivery point.
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