Self-employment- motoring expenses - what can you claimfor?
Comments
-
Can I just check that travelling to and from a fixed place of work/self employment is not allowable.
In that if I have a shop, I can't claim for travelling to the shop.Official DFW Nerd Club - Member no: 203.0 -
I think you can still use the 40p/25p system if you are VAT registered, but it is not claimable in your VAT return.0
-
veronica46
You could use VT Cashbook, which is a free package http://www.vtsoftware.co.uk/cashbook/index.htm
There are free self employment courses run by HMRC, that are very good, i have just been on Becoming Self Employed and Self Assessment for the Self Employed.0 -
veronica46
You could use VT Cashbook, which is a free package http://www.vtsoftware.co.uk/cashbook/index.htm
There are free self employment courses run by HMRC, that are very good, i have just been on Becoming Self Employed and Self Assessment for the Self Employed.
Where do you find out about these courses?0 -
You can apply online on the HMRC website or if you live in the Derbyshire area phone 01332 724410
http://www.hmrc.gov.uk/bst/work.htm0 -
Sorry to confuse matters but I currently log all business miles and am planning to use the AMAP method. However, a high portion of my business travel is in hire vehicles. Does anyone know if I can/should be claiming the cost of hire or do I just record mileage and claim the 40/25p allowance?0
-
The 40p/25p mile is for using your own car for work - not sure about hired cars, but presume you can claim back the cost someway??0
-
Sorry! Have I missed something? What is AMAP?
This is a link to HMRC instructions on mileage allowances which, I hope explains a lot, especially about VAT. http://www.hmrc.gov.uk/manuals/bimmanual/BIM47701.htm
If you extensively use hire cars then you have the same choice as someone who uses their own car. Either use 40ppm/25ppm or make a full claim.
What you definitely cannot do is use 40ppm/25ppm for your own car and claim separately for hire cars.
It’s only an opinion but I would have thought that using hire cars frequently is not exactly cheap and it could be tax efficient for you to use the statutory basis. However, as I said earlier it requires a lot more detailed record keeping.0
This discussion has been closed.
Categories
- All Categories
- 342.5K Banking & Borrowing
- 249.9K Reduce Debt & Boost Income
- 449.4K Spending & Discounts
- 234.6K Work, Benefits & Business
- 607.1K Mortgages, Homes & Bills
- 172.8K Life & Family
- 247.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards