Can you claim vat back on mileage expenses, I have no recpts from the client , just amount he pays himself each month i.e 938 miles @ .45p per mile, so he paid him self 422.10. can i claim vat back on that?
So, assuming 15p per mile the VAT that you would be able to claim : at 17.5% for last year (*7/47) = 0.02234 per mile VAT and at 20% for this year (*1/6) that would be 0.025p per mile VAT
That means at current rates 10k miles in a 1400cc car would be a payment of £4500 and VAT of £250... Probably not what the directors were actually expecting!
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.
£250 may not be much, but for 5 minutes work it isn't a bad return. I used to work for a company who wouldnt pay your expenses unless you had worked out the VAT element.
Nick
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Nick
Nick Craggs FMAAT ACA AAT Distance Learning Manager
My judgement is more down to it being nowhere near the figure that directors think that it will be as they always (in my experience) believe that it will be using the 45p figure as the basis of the calculation.
Yes Linda, claim it. But be prepared for a disappointed client when they see the actual figures compared to their expectations.
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.
Linda - in your original post you said that you had no receipts.
You would need fuel VAT receipts covering at least the amount of VAT being reclaimed. Worth educating your client to always as for a VAT receipt when filling up.
