Can a company claim motor expenses such as fuel, insurance, road tax etc if they do not have a vehicle in the company?
Many thanks,
Replies (8)
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Two options then:
Put everything through the P&L and claim a deduction. The payments, though, should (probaby) properly be treated as additional earnings of the director, subject to PAYE, and E'ee and E'er Class 1 NI.
Or - usually my preferred option - post the whole lot to DLA and then offset with a business mileage claim.
If they hire a car vehicle, then fuel etc yeah.
If they pay mileage for employees' own cars, then some other MRE may be allowable - parking etc.
I cant see any basis for paying the insurance and road tax for a vehicle that isn't theirs,