Do i register as a trader?

Crowqueen · 20 October 2010 at 10:37AM

soolin wrote: »

it's just a ruse not to have to do any housework.

LOL, I know what you mean.

Strapped · 20 October 2010 at 10:43AM

If you are buying a van then read up about capital allowances for the accounts.

macfly · 20 October 2010 at 10:50AM

Capital allowances for vehicles, unless running on eco friendly fuels, are usually a waste of time. They have recently become very complicated. Anybody trading under the vat threshold can claim 40p a mile for business travel. Unless the van is worth a lot of money, you are better off claiming the mileage.

Strapped · 20 October 2010 at 10:54AM

macfly wrote: »

Capital allowances for vehicles, unless running on eco friendly fuels, are usually a waste of time. They have recently become very complicated. Anybody trading under the vat threshold can claim 40p a mile for business travel. Unless the van is worth a lot of money, you are better off claiming the mileage.

That's why I said read up about the issue

nora_batty · 20 October 2010 at 4:08PM

macfly wrote: »

Capital allowances for vehicles, unless running on eco friendly fuels, are usually a waste of time. They have recently become very complicated. Anybody trading under the vat threshold can claim 40p a mile for business travel. Unless the van is worth a lot of money, you are better off claiming the mileage.

The van that im thinking of buying is an 03 reg Peugeot expert for £1500, so i think that i will be better off claiming the mileage.

macfly · 20 October 2010 at 4:20PM

If you are going to do more than 4,000 miles a year, then you will. The 40p covers all costs, so no petrol, tax or insurance can be claimed.

Pembroke · 20 October 2010 at 6:45PM

Also be aware that certainly at boot fairs in my area you pay more for a van than a car so you 'may' be better off with a large estate rather than a small van. I'm sure you can get the Peugeot with side windows as a large square estate for instance, or a bit older a Vauxhall Omega.