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Post Info TOPIC: Confused about claiming back VAT on mileage
NickyW


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Confused about claiming back VAT on mileage
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Hi there - apologies if this has been asked!
I work for a company where employees are paid 40p per mile if they do business trips (in their own cars)
Am I right in thinking that I can reclaim the VAT on the fuel element of this - rates are the Fuel Advisory rates on the HMRC website - as long as I have receipts for the petrol used.
Any replies would be gratefully appreciated!!
Nicky

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Susie Sue


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I think you can claim VAT on 12p of the 40p and like you say must have VAT receipts.

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Sue
Assist Office Services - Bradford Bookkeeper
BackOfficeGroup


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Nicky

You can claim the input tax on the advisory fuel rates published by HMRC depending on the engine size, so on a 1000cc petrol car for example, you can claim 7/47 x 12p

http://www.hmrc.gov.uk/cars/advisory_fuel_current.htm

This is the current link. You must also ensure you have a VAT receipt to cover the fuel used for that date.

P

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RobH


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It's a lot of hassle for what you get back generally!

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Rob
www.accounts-solutions.com
Merlion ABS


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You need to use the HMRC advisory fuel rates for the engine size of the vehicle.

So as backoffice says its 7/47 x the relevant mileage rate.

So if its a 1.6l I think its 12p.

for example, 4000 miles.

4000 x 12p = 480

480 / 47 x 7 = £71.49 input vat reclaimable.

You then need to compare the VAT on the fuel receipts to ensure that the total VAT on the receipts is adequate to cover the VAT reclaimed.



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