I have just taken over the accounts for a business where the directors use there own cars and claim a mielage allowance of 45p currently. In the past the incorrect VAT has been recovered as their prior accountants were unaware of the cc sizes of the vehicles and thereby under recovered the input tax going back to 2009. Having had a look at the HMRC website, I should be able to recover anything within the last 4 years but you should have VAT evidence held against it.
Does this mean the privately paid for fuel receipts, either by debit or credit card, or is there anything else that they mean or require?
To ensure that you make the claim for Input VAT, the business should keep the petrol receipts that cover the business mileage. They should be dated before the mileage claim is made and at least cover the cost of fuel for business journeys.
