Self-employment- motoring expenses - what can you claimfor?

2»

Comments

  • whatatwit
    whatatwit Posts: 5,424 Forumite
    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.
  • jimmo
    jimmo Posts: 2,281
    Name Dropper First Post First Anniversary
    Forumite
    whatatwit wrote: »
    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.
    Exactly right.
  • I think you can still use the 40p/25p system if you are VAT registered, but it is not claimable in your VAT return.
  • ioscorpio
    ioscorpio Posts: 2,360
    First Post First Anniversary Combo Breaker
    Forumite
    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.
  • stphnstevey
    stphnstevey Posts: 3,224
    First Post First Anniversary Combo Breaker
    Forumite
    ioscorpio wrote: »
    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?
  • ioscorpio
    ioscorpio Posts: 2,360
    First Post First Anniversary Combo Breaker
    Forumite
    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.htm
  • d_bravo
    d_bravo Posts: 17 Forumite
    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?
  • stphnstevey
    stphnstevey Posts: 3,224
    First Post First Anniversary Combo Breaker
    Forumite
    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??
  • jimmo
    jimmo Posts: 2,281
    Name Dropper First Post First Anniversary
    Forumite
    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.
This discussion has been closed.
Meet your Ambassadors

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