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Directors fuel

Posted by Anonymous PM | on Wed, 10/03/2010 - 14:39  290  1 comment | report

If a company director uses his personal car, can he claim back all petrol receipts or must he claim back business mileage at 40p per mile? Are there other options?

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Phil Rees's picture

He can claim what he likes

Phil Rees | Wed, 10/03/2010 - 14:58 | Permalink

But anything in excess of 40p per mile (first 10,000) will be taxable. It may also cause a PAYE regs problem because HMRC would probably view it as remuneration for Class 1 NI purposes rather than a P11D item. With the new regime for late PAYE that is a road that you don't want to go down.