I'm trying to work out how much VAT I can reclaim on my business mileage, as a sole trader using my personal car.
My first issue is that the HMRC advisory fuel rates ( https://www.gov.uk/government/publications/advisory-fuel-rates/advisory-... ) state 'These rates only apply to employees using a company car'. Is there HMRC guidance on the VAT reclaimable for sole traders?
My second issue is that I have exceeded 10,000 business miles this year, so I claim 25p per mile instead of 45p. I assume that this will also affect the VAT that can be reclaimed.
I have a 1200CC Petrol car.
Thanks in advance for your help!