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Van expenses for business

2»

Comments

  • Car_54
    Car_54 Posts: 8,947 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Navigator123 wrote: »
    Yes. For example - if the lease cost is £300 per month including VAT then the net cost is £240. You would file the £240 per month ( £2880 per year) as a business expense.


    Are you sure? If the OP is not VAT-registered, then the gross figure of £300 seems to be a valid cost to his business.


    BTW the net cost is £250, not £240.
  • jk0
    jk0 Posts: 3,479 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    tom78 wrote: »
    Ok yes I understand, makes sense - so in theory a lease is not too bad. I am assuming I cannot claim the milage as well as the lease net figure?


    You claim the petrol/diesel cost, surely?
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