Petrol expenses for self-employed

Petrol expenses for self-employed

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I am self-employed with a small turnover and for the 2012/13 year will be submitting a tax return with actual vehicle expenses, including petrol receipts. One client I work for also pays me petrol expenses (at 20p per mile). Should I include all figures in turnover and expenses and put the client's payment also as a disallowable expense?

Also, for the 2013/14 year I will be claiming on a new vehicle for which I will adopt the simplified expenses system. How should client's petrol expenses be included in that tax return?

Replies (3)

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Scalloway Castle
By scalloway
20th Dec 2014 10:57

Include in sales

The simplest thing to do is to claim all your vehicle expenses and include the reimbursement from the client as income.

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By RetiredTax
20th Dec 2014 11:15

Petrol Expenses

Agree with the above, but remember to add back/adjust the expenses and Cap. All'ces for any proportion that relates to your private or non-business use.

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RLI
By lionofludesch
21st Dec 2014 12:37

New Vehicle

If you decide that claiming the 45p/25p a mile is the best option with the new vehicle, just include the money that you receive from your customer in sales.

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