Tax return - claiming vehicle expenses or mileage - TilersForums.com

[Qwerty]

Just wondering which we all prefer to claim for when it comes to tax return time....... a proportion of the vehicle costs or mileage?

I have always been mileage, but beginning to wonder if claiming for vehicle running costs may be better?

 

[Diamond Pool Finishers]

well i think we claim for Fuel & vehicle over the year , i save all receipts !!!............

 

[widler]

Same as dave

 

[DHTiling]

Same here ,an expense is just that , be it can repairs or duty on fuel v

 

[widler]

May i just say as well, im bloody sick of receipts ,thousands of em over years you are meant to keep, im sure its a pee take by the scum at the inland rev

 

[Diggy]

6 years worth is all you have to keep.
I do reciepts myself, not forgeting you can write off the cost of the van foe the first 4 years under capital allowances.

 

[andy8758]

Every year HMRC blindfold the office junior who then sticks a pin into a list of businesses who submitted a tax return the year before. The lucky businesses chosen get a full investigation into their returns. If it's you they choose then you are certain to appreciate the pain of keeping all your invoices!

 

[widler]

Can't wait, the pratts gonna get 20 asda bag full dumped on his desk.
If i wanted to do paperwork i woulda been a flippin accountant

 

[steve187]

if i have a van that is used solely for work, then i claim all cost associated with that van, petrol/diesel, insurance, tax, parking,repairs etc, and then on top of that i claim capital expenses for depreciation

 

[andy8758]

Can't wait, the pratts gonna get 20 asda bag full dumped on his desk.
If i wanted to do paperwork i woulda been a flippin accountant

Don't worry about the accounts. You can find a good 6 week course on the internet - makes you a fully qualified accountant ..... :lol: