I have just gone into a cleaning business partnership with a friend and am slightly confused with how I deal with personal motor expenses. I am the driver and have been racking up mileage in my personal vehicle. I am aware of the HMRC flat rate which is what we will use however I am unsure of two things.
1. How do I account for the expenses and claim back the mileage? (I also do the books so need guidance on this)
2. As I am not being reimbursed how do we make it so that I alone am benefitting from the mileage allowance?
hope this all makes sense