A builder has just started a limited company, he is the director and only employee.
His personal van is used only for work purposes. He is wanting to expense his van lease payments through the business. He also is paying all his fuel costs through his company and is also wanting to pay for the insurance ect... costs of the van.
Does he need to submit a P11d if he does all of the above?
Or is he best to work out his mileage allowance and any over claim on fuel if it is more he then owes to his company?