Forum Discussion

Pikey14's avatar
Pikey14
2 months ago

Cents per Kilometre - Electric Vehicle Rate

I have a client that has used his Electric Vehicle for work related travel. However, I cannot see how to change the rate from 85c to 4.2c per kilometre.

 

How do you do this?

AU Tax
  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    2 months ago

    Hi there Pikey14,

     

    I get that your client needs to set up and calculate the travel allowance in cents per kilometre. However, there is no direct calculation regarding this. What I can suggest is to manually calculate how many cents there will be in an hour since the available option in AccountRight is on hours only. You can also check out this link for more information.

     

    Best regards,

    Doreen

  • Pikey14's avatar
    Pikey14
    2 months ago

    Hi Doreen,

     

    The client wants to claim cents per kilometre in their tax on their tax return. There is no ability to change the rate in the tax return in MYOB AE.

    They do not use AccountsRight for their bookkeeping.