I am new to this forum, so please excuse me if my topic has been discussed allready. Search has not returned anything usefull for me.
In general, I am doing my tax return myself and have no bookkeeper.
The problem is, that me and my wife are divorced now and living separately just few homes away from each other. Both of us are self employed in different sectors, BUT are ocasionally using one business car which left from the time we had been together. Also, that vehicle is being borrowed from each other and used on occational personal trips.
Can you tell me, how should I present the expenditure for hmrc examination? At the moment I have my mileage record and receipts, but registration document is in my ex wife name. Although, I appear on insurance as a second driver.
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What I hear I forget
What I see I remember
What I do I understand..
I think the simplest way would be to include the mileage record you have within your tax return and leave it at that. Presumably at the times you were using the car you were also contributing to/paying for the running costs and it's upkeep.
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Jenny
Responses are my opinion based on the information provided. All information should be thoroughly checked before being relied on.
Yes, I had few repairs done to it. Either my ex had spent few bucks on it. The tax men asked me for registration documents AND insurance papers. Do I have to write some quick agreement of car share with my ex? I had spoken with her and she is nervous about telling the taxmen about sharing the car with me. I think it is because she gets Child Benefit and something else from them.
But I have to satisfy taxmen request for documents.. What shall I do, do I have to show signed share agreement or just send the papers and wait for reply?
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What I hear I forget
What I see I remember
What I do I understand..
Ok, you didn't mention before that this is part of an investigation, that changes things in as much as anything said on a forum does not constitute formal advice.
To answer your query really we would need to know the full details of the case; what you do, what you submitted, what areas the investigation is looking into, whether your ex-wife is also being investigated. It would require quite a bit of detail which you may not wish to provide publicly.
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Jenny
Responses are my opinion based on the information provided. All information should be thoroughly checked before being relied on.
