Petrol VAT

[malvolio]

OK, must have missed that one then. Ho hum...

[Paddy]

Unless my accountant has made a big mistake, your company can claim back VAT on fuel used for your own car.

You can NOT claim 100% vat back on road fuel. You can not claim any fuel cost or VAT cost if you are claiming mileage. If you are a small business there is little point in trying to claim any vat on fuel because it is very complicated formulae. Best option is to just claim mileage.

[VectraMan]

Does bold underline make things true?

This was why the likes of Parasol starting asking for receipts at the start of the year.

I remember reading that they allow a certain amount of leeway, and it doesn't have to be exactly on month boundaries as that's not necessarily how you buy fuel.