Any tax whizzes on here :(

suzyb

I'm doing my tax return...yay!! But I'm confused about whether I can claim mileage or not.

I'm self employed but for 107 days last tax year I went into the client's office which is a 66 mile round trip. Can I claim this as travel expenses at the 40p per mile. It adds up to a fair amount of money and I'm worried HMRC might think it's dodgy :?

spen666

claim it - and if they think its not allowable they will disallow it.

you are doing nothing wrong to claim it, if you are clear what it is on the return

London_Falcon

This has all your answers....

http://www.hmrc.gov.uk/incometax/relief-mileage.htm

CiB

You should also be able to claim the VAT on the difference between the mileage rate you claim (40p) and the Govt max (was 45p some years ago when I last did it). I'd love to stop & help but can't, but Google for it and you'll see what's what with it. Nice little earner if you've got a few miles to claim and your rate is comparatively low.

t4tomo

suzy yes you can.

Providing you aren't putting the general cost of you car through your company books, then claiming 40p per mile for legit business miles is fine.

You are supposed to keep hold of petrol receipts to substantiate the expense, but don't wory too much on that score. Your invoices to client should prove you were there.

suzyb

I should have the petrol reciepts from then. I remembered we always needed to keep reciepts when claiming expenses so kept them just in case.

Thanks folks.

t4tomo

BTW if you have done more than 10000 miles (i don't thhink you ahve from the above the rate goes down to 25p from mile 10001 onwards.

Next tax year the rate is 45p

petemadoc

Does anyone put bike stuff on their business?

I'm self employed and my accountant reckons it's ok as there's no option on the CTW scheme for self employed people.

fossyant

PeteMadoc wrote:

Does anyone put bike stuff on their business?

I'm self employed and my accountant reckons it's ok as there's no option on the CTW scheme for self employed people.

You can, 20p per mile for the bike business miles. Same rules as cars.

greg66_tri_v2.0

Never mind. The answer's already been given.

petemadoc

fossyant wrote:

PeteMadoc wrote:

Does anyone put bike stuff on their business?

I'm self employed and my accountant reckons it's ok as there's no option on the CTW scheme for self employed people.

You can, 20p per mile for the bike business miles. Same rules as cars.

Yeah I was thinking more along the lines of buying complete bikes and parts.

t4tomo

Very difficult to justify it unless its soley used for business - like a butchers / other delivery bike.

Any other circumstance just use the 20p per mile allowance.