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Post Info TOPIC: Car Expenses
Terri


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Car Expenses
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I have a few questions:

1.  If you don't drive but your spouse/partner drives you in their car to get to client meetings, accountant meetings, training sessions etc, can you class this as an expense of the business

2.  When working out mileage at 40p per mile, how would be the best way to keep the records?  Would a list of dates and travel to and reason be enough, together with the mileage amount taken from AA routeplanner/Googlemaps?

3.  If you are working on a percentage of business use rather than the 40p per mile method, when inputting petrol, insurance, repairs, MOT etc, would you input the whole amount and work out the business percentage at year end or input the percentage only that had been allocated as business use - ie only record 60% of the insurance premium if 60% of the car use is business

Thank you in advance.  I attended a training course today iwth HM Revenue & Customs and it left me with a few questions that I thought about when I got home (always the case for me),

Terri



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Terri Homyard AICB CB. Cert PM. Dip

A1 Bookkeeping & Payroll Services

www.a1-bookkeeping.co.uk
Julie


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Hi Terri,

Not sure about the answer to No. 1 or No. 3 but for No. 2 one of my clients uses this :-

Format a table call it `Motor Mileage Allowance Claim Sheet`

Column for Month, Opening Reading, Closing Reading, Miles Done, Private, Business, Cumulative Mileage, Rate, Amount Due, Amount Paid.

You could do a similar one listing days of the week.

Would look like :-

Month O/reading C/reading Mile Done Private Business Cum/Mileage Rate A/due A/paid

April 99493 100391 898 304 594 594 40p 237.60 237.60
May 100391 100812 421 288 133 727 40p 53.20 53.20

Hope is helps !!

Julie

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Julie


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Hi Terri,

Sorry about the sorry state of my posting above, didnt realise my columns would be a little out of sequence, but I hope you can work out what I mean !

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Terri


Senior Member

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Posts: 411
Date:
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Thank you Julie

__________________

Terri Homyard AICB CB. Cert PM. Dip

A1 Bookkeeping & Payroll Services

www.a1-bookkeeping.co.uk
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