Member Since: 17th May 2010
18th Oct 2018
My interpretation of 4.a is the situation where you have a "field trip" with more than 1 person in the business going on the same or similar journey, i.e. you can't claim as well as someone else.
I would feel completely comfortable with making that claim.
27th Jun 2018
I run a couple of motorcycles through my company and I apportion them on mileage. Seems the fairest way tbh. Why 2? Commuting eats their value!
1st Mar 2018
As I just noticed in the original title!
1st Mar 2018
And have you ever noticed wierd looks weird when you mis-spell it!
26th Jun 2017
"Arrr, that you be!"
4th Jan 2016
Check you haven't been reclaiming VAT
And just be sure that your company hasn't been claiming the VAT already! I've come across that before! Yes, even without VAT invoices - Software tends to assume the category of spending has VAT and could well have been accounting for it!
7th May 2015
It wasn't admission to a bike show...
...and the guy uses a bike to go to see clients and therefore was a "necessary expense" now was it?
Might it not be more cost effective for your client to pay the BIK than have you rack up time in the name of a principled stand?
21st Apr 2015
Company is running two bikes
Just noticed your post going through the web trying to workout how to apportion private use.
You'll be taxed as a bik on the portion of business use but have to pay NIC on the whole lot, as there is no apportionment for them - unless you repay the private use (hence my search, as last year this cost me a bit). Most "pundits" seem to take the logical approach of mileages but then there's the whole "made available for use irrespective of whether actually used" bit from HMRC for which I have used days available, I.e not being used for business travel means a private day even if not ridden!
Anyone have an opinion on the two approaches?
11th Aug 2014
Losses carry back & fore?
Wouldn't the full allowance be claimed, causing a loss with option to carry back the loss to previous year (and reclaim c.tax for that year) and carry forward any remaining loss for following years?
That's what happened with my magic CT500 from IR.
12th May 2014
And does FRS complicate this?
The £2000 VAT reclaim concession within the FRS says that there is no apportionment for private use?