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Post Info TOPIC: Claiming back VAT on Mileage Expenses?
Trojan1970


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Claiming back VAT on Mileage Expenses?
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Hi - does anyone claim the VAT back for the mileage allowance expenses?  I have a client who is claiming 45p per mile (she won't get near the 10000 miles).  Her husbands firm have asked him to provide petrol receipts with his expenses (again, paid Xp per mile) in order for them to claim the VAT, and she has asked me if we can apply this to the expenses she claims through her own Ltd Co (for who I do the bookkeeping).

I've looked at the HMRC guidance and it's not very clear.  I don't know my client's private mileage, only the business mileage she puts through as expenses, all backed up with where she's been, who she's seen etc.

I do have a folder full of petrol receipts from her in the hope that I can use these to claim at least some VAT back for her.

If anyone has a simple formula (backed up with a bit of logic) I would be most grateful.

Thanks in advance.

 



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Victoria

"It's not what you earn, it's what you spend"
Stardoe


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Hi there,

Take a look at this thread  http://www.book-keepers.org.uk/t48064227/vat-on-fuel/

You can either do this or you can claim VAT on all petrol purchased be it business or personal mileage, but pay the fuel scale charge which can be found here  http://www.hmrc.gov.uk/budget2013/ootlar-main.pdf#page=189  You can pay this on a 12, 3 or 1 month basis and it is based on the CO2 band of the car.

You can do either of these methods, but not both.



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Pauline
MarkS


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Posts: 1501
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See the following link whigh gives an example of how it works together with the fuel advisory rate link.

 

http://www.is4profit.com/business-advice/finance-and-money/business-mileage-vat-fuel-recovery.html

 

Mark



__________________

Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
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