Private car expenses
Hoping someone can confirm whether I'm right on this.
If an employed personal uses their own car for business use but does not receive any compensation from their employer they can claim the 40p/25p a mile approved rates in box 17 of the employment pages but cannot claim either actual motor expenses or CA's.
If someone had asked me the question yesterday I would have answered without hesitating and the notes to the employment pages seem to agree with my understanding, but I've been thrown by the outgoing accountant claiming business fuel (using the actual price not the approved rate) plus a percentage of road tax, finance charge and capital allowances (although restricted to £3k as expensive car).
- Rent a Relief for small husband and wife run guesthouse 235 2
- Xerocon 2016 798 12
- Personal Tax 167 2
- Mortgage Reference 148 2
- Is Xero payroll as rubbish as I suspect it is? 1,855 40
- Entrepreneurs relief after enhancement 142 3
- VAT - Check on clients business 1,174 45
- Practical experience 846 15
- Buy Samsung Galaxy Note 5 429 9
- VAT 305 1
- Gift aid procedure please? 202 4
- What counts as income for the £100k 'salary' cap for free childcare from 2017? 162 1
- last minute request 268 3
- US tax form 1099 (misc?) 78 1
- Cash gift from India 497 13
- GP ACCOUNTS 80 1
- Write an article on latest tax changes for landlords. 445 16
- Stamp Duty based on Exchange or Completion Date 114 2
- Re-Training costs - tax reief 264 6
- Maternity and claining expenses 664 6