My car does about 45 mpg.
Cost of Diesel about £1.15 a litre, so that's £5.18 for a gallon and I'd get 45 miles out of it.
£5.18 / 45 = £0.115 a mile
So to your point, you could run two cars at 25p a mile
ROOKIE ERROR! How about car tax, wear and tear / maintenance, insurance, and other costs!
@drahc tax insurance and general wear and tear are covered by you using your car daily.
Alas this is not true.....
If you are keeping your finance records, which you should be, because if HMRC do indeed catch up with you for your additional earnings you would need to prove you are not making a profit, otherwise you would need to declare tax on that profit.
Travel expense is very straight forward to apportion as you are not using you car for the sole and exclusive use of refereeing therefore you could only use a % of the costs to write off your income as an expense.
As you are claiming mileage allowance this is a dis-allowable income for tax purposes and should be record separately.
You would need to record your annual mileage for total use and then the total mileage only for refereeing related activity, (matches, meetings, appeals, training etc..)
You would then need to calculate the % use for referee activities by dividing the referee mileage by the total mileage and multiplying by 100.
This would then give you your % use to use to find out how much of your cars running expense you can write off against your referee income.
Make sure you record the cost of all repairs, MOTs, tax, insurance, fuel and add up the total and then divide that by your usage % to find out the total cost of referee activities.
Once you have this cost you would need to deduct your total expenses paid to you by clubs as this has already been paid to you, and the figure remaining is what you can legally deduct from your income for tax purposes.
I have attached the sheet I send out to my clients to calculate there own vehicle expenses.
Also covers West Yorkshire. Assessors by the way get a fixed fee round our way dependent on the level of football and no mileage.Yes but the supply pool adjacent to you, is just as big and goes from Nottinghamshire, leicestershire, linconlcshire, South Yorkshire, Derbyshire, up past hull, where if you lives in Derby or Nottingham and were expected to referee past Hull you would be driving for 2 1/2 hours for a fixed fee.
It's just what the clubs want.
Also covers West Yorkshire. Assessors by the way get a fixed fee round our way dependent on the level of football and no mileage.
My wife has a horse. She wanted one for 30 years before a little insurance payout meant she could afford one with 4 legs. She spends about £400 per month on upkeep. I tell her I make a profit on football and use the extra match fees, assessor and tutor fees to pay for our annual holiday. Truth is, just as you say, the vast majority of the money gets reinvested in kit and equipment. It's almost as if we enjoyed refereeingAnd like you say, an Assessor has far from completed their work for that game, so if you do a break town of time, door to door and add on the time it takes to write the reports an assessor is getting hardly anything.
But by and large, we don't do it for money.
I have turned down so much over time over the last few years because I wan't to referee. My whole week I am looking forward to the game on Saturday, whether its on the line where I want to do my best for the referee or in the middle where I want to do my best for the game, and help both my assistants. After the match I will always buy them both a drink, and assessor if he has stayed back with us. So that is £10 gone straight away.
I'm not bothered about money, whether its mileage, a fixed fee. I just love refereeing. Yeah the money can be nice but it only gets re-invested into kits, flags etc.