a client has done 5,000 business miles in his financial year. he has £750 of receipts.
as he is sole director, and using his own car for business use, i am going to consider the mileage allowance and so will look to claim 5000*0.45=£2,250
My question is with reagrds to teh accounts that will get submitted to CH. Should I input £750 actually spent on fuel in the P&L and make the adjustment in teh Corp Tax Return, or should i input £2,250
Furthermore, if he claims £2,250,will this give rise to a P11D needing to be submitted?
Thanks for your help