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  • FIRST POST
    beastman
    Claiming back fuel costs
    • #1
    • 17th Nov 08, 12:08 PM
    Claiming back fuel costs 17th Nov 08 at 12:08 PM
    I hope someone can confirm a few tricky questions for me please?

    I have started a new self employed sales job which is on commision only. I also currently work part-time employed and pay tax in the normal PAYE earn way. The part time sales job involves selling bespoke jewellery at peoples homes and so the only main expense I have is running the car. The jewellery is VAT chargable of course but as I don't buy the jewellery myself from the company and sell it on (it is sold directly from the company I work for to the customer) then I dont need to claim the VAT back on that. I know I could claim as tax deducatable for a few legitimate expenses like work clothes and the cost of my broadband for business purposes but the car/fuel costs is the main concern.
    As I will be hitting a sales turnover of over 67K per year (my commison earnings will less than 10K) I understand my only option is to be VAT registered and I believe this then means I cannot claim for the miles I do and claim via the 40ppm/ 25ppm option. Is that correct as I would prefer to just claim the miles rather than having to keep petrol receipts. I have accurate records of customer visits and mileage that can be proved if needs be.
    So can someone confirm then that I have to then keep every petrol receipt and in addition claim back other car expenses such as tyres/servicing/insurane. I guess I use my car 80% of the time for the sales job and to calculate this proporation whilst having to keep receipts is a pain.

    Working out wether or not I should be a sole trader or a limited company is another thing!

    thanks alot
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