Mileage claim - self employed courier driver
I have a client who is a self employed courier.
His turnover is approx £60,000 pa. He is voluntarily registered for VAT.
He currently claims in his accounts for all motor expenses - van lease / fuel / insurance etc.
Can the alternative method be used ? 45p / 25p per mile. Does this apply to vans?
He does approx 70,000 to 80,000 miles per year, so the claim would be huge, and more tax efficient than claiming the actual expenses.
Does the fact that he is VAT registered prevent him from using this method ? (even though his turnover is below the registration threshold)
Is VAT reclaimable when using the mileage method rather than actual expenses ?
Thanks for help
- Hello 328 2
- Sage 200 question 78 1
- Spanish Assets taxation - UK Residence 78 2
- Ltd Co and Fully Paid Shares 117 5
- RTI and Advances to Employees 135 3
- Sorry - another PPR question 193 4
- Private company division 300 5
- New build property to be rented 109 3
- Outstanding Loans 206 3
- Networking 857 7
- Allocation of income from property 621 22
- Services by BVI Company for UK Company 103 2
- bookkeeping system 478 7
- Sharing ODBC Excel Pivot Tables over network 116 2
- Company car in the LLP 130 1
- 64-8 problems 333 4
- flat rate scheme 1,865 37
- Are any of you members of The Institute of Financial Accountants - Accountnats certificate 882 11
- PPR relief - deemed residence? 327 9
- Unpaid share capital 224 2