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Post Info TOPIC: Business van - business and private use sage recording
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Newbie

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Business van - business and private use sage recording
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Hi,

I need a help with recording on sage.

We have a business van that is used by one employee only. He is using it for business and private journeys too and pays for all fuel by business card only.

When I get receipt for fuel I just record it to 7300 from his business card to claim the VAT.

He keeps a truck of all his journeys on a mileage log and expenses report for each month (private and business separate) 

Every month I charge though his wages for private mileage 17p/per each private mile.

However, I am not recording private mileage payments from him against 7300? Am I right saying I should be doing so? 

I record the payment, have a mileage log, I deduct the private miles from his wages but I believe I should reduce my Fuel VAT reclaim by the private mileage pay back? 

I hope it makes sense and someone can help please.

 



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Artois


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Posts: 1313
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I agree, you cannot claim the VAT back so this needs to be removed



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Task4


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Posts: 5
Date:
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Hello,

Thank you for this clarification, I needed this confirmation on a project.



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