I have a client who is a LTD co and she uses her own car and claims the 45p per mile, I have a breakdown cover amongst the invoices would this be included in the 45p p/m or can she claim separately for this?
I know the 45p covers things like wear and tear and also insurance.
Think of the 45p/25p as the company paying compensation to the car owner for them using their own car whilst on business.
Absolutely all costs associated with the running of the car are included in the 45p/25p (Insurance, tax, maintenance, AA Membership, Petrol, servicing, etc. etc.).
The one thing that is associated with the car but would still be allowable is the parking for business purposes.
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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.
Might also be worth educating the directors for their future reference.
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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.