Receipts for mileage

[Danglekt]

I just keep a spreadsheet log of the mileage. A tab for each month which has a row for each journey with the reason for the trip and the miles driven and amount claimed @ 45p per mile.

^^^ This

[SlipTheJab]

Well that will save you a fortune claiming all that mileage. Fill your boots

You gonna ask a question about claiming the stuff you bought for lunch?

A claim for a bag of chips from the kebab shop on the walk home at lunchtime seems sensible!

[Boo]

I thought there was some strange EU VAT thing where you were meant to keep fuel receipts if you reclaimed the VAT on the fuel element of the mileage allowance.

Or perhaps I'm wrong.

I believe you are right on that : the EU insisted that where the VAT element on mileage is claimed that fuel receipts be retained as evidence. The spreadsheet I use has 2 separate modes of use : one where I reclaim the VAT element of the notional fuel use and the other without this.

Boo

[paulb567]

Is this what you mean? But that's for claiming the fuel back which we don't.

VAT on fuel ' the new rules | AccountingWEB

Seems silly not to claim the VAT back on the fuel element of the mileage allowance if you're not on the flat rate scheme.

If you did 10,000 miles in a car with a medium sized diesel engine you could claim £4500 from your company tax free. The fuel part of the mileage allowance payment is 10,000 x £0.11, so the VAT your company could reclaim on this is £220.

This amount goes as high as £400 for a larger petrol engined car. (https://www.gov.uk/government/public...-december-2015)

[SueEllen]

I believe you are right on that : the EU insisted that where the VAT element on mileage is claimed that fuel receipts be retained as evidence. The spreadsheet I use has 2 separate modes of use : one where I reclaim the VAT element of the notional fuel use and the other without this.

If you are on the flat rate scheme you don't need to keep fuel receipts but need to keep a record of you mileage.

If you aren't then you have to keep the receipts.

[ASB]

Is this what you mean? But that's for claiming the fuel back which we don't.

VAT on fuel ' the new rules | AccountingWEB

If not on flat rate vat the there is a vat element that can be reclaimed (effectively the VAT on the fuel portion). If claiming this then petrol receipts that are contemporaneous with the claim and showing at least the VAT reclaiomed should be provided.

edit: oops. Missed the responses saying this.

[northernladuk]

If not on flat rate vat the there is a vat element that can be reclaimed (effectively the VAT on the fuel portion). If claiming this then petrol receipts that are contemporaneous with the claim and showing at least the VAT reclaiomed should be provided.

edit: oops. Missed the responses saying this.

Nice word!!!! So is reclaiomed!!! I don't even know what they mean. I must be fik!

[ASB]

Nice word!!!! So is reclaiomed!!! I don't even know what they mean. I must be fik!

Difficulties show themselves in many ways. The underlying prejudices were neatly shown in a "spastics society" campaign.

[psychocandy]

I had an accountant once who said I still had to keep petrol reciepts even though I was on flat rate. I asked why.

He said he wasnt sure but someone got investigated because they didnt keep receipts. I tried to say but yes was he flat rate registered. Dunno.

Lasted 2 months that accountant. IPSE recommended local one. Completely clueless.

[SueEllen]

I had an accountant once who said I still had to keep petrol reciepts even though I was on flat rate. I asked why.

He said he wasnt sure but someone got investigated because they didnt keep receipts. I tried to say but yes was he flat rate registered. Dunno.

Lasted 2 months that accountant. IPSE recommended local one. Completely clueless.

IPSE don't recommend accountants they just have a list of accountants who have paid to do their course.