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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Calcualtion on VAT Mileage
Post Info TOPIC: Calcualtion on VAT Mileage
linda19


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Calcualtion on VAT Mileage
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What is the calculation to work out, how to claim the VAT back on Mileage expenses.

Eg. 1296 Mile @40p = 518.40, what can i claim back on the Vat return please.

Thanks Linda

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Shamus


Forum Moderator & Expert

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Hi Linda,

I'm going to be lazy here and just refer you off to one of my old posts and via that to HMRC.

http://www.book-keepers.org.uk/index.spark?aBID=106474&p=3&topicID=35804945

The important bit is that only about 11p of the 40p per mile is for Petrol but you need to use the HMRC figures to ensure that you are using the correct rate for your car.

kind regards,

Shaun.





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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Haysden


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Remember you have to have VAT receipts covering all the fuel purchases to back up the VAT claim, even though you're not actually claiming the VAT on the receipts. The European Court are insisting HMRC enforce this.

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