When claiming the mileages rate, are AA or RAC costs then also disallowable. Also can loan interest to buy a new van still be claimed as an expense if claiming the mileage allowance.
all costs of running the vehicle are included in the 45p/25p which is compensation for paid by the business for use of the owners vehicle (only additional costs that may be claimed are tolls and parking (but not parkig fines)).
So, AA/RAC costs would be included so not be allowable on top of the mileage.
The more complex question requires further info.
Self employed or incorporated?
Over or under VAT threshold at time of purchase? (whether they are vat registered or not makes no odds, its the income level that matters).
Van purchased through the business or privately?
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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.
