Been pondering this because of the upcoming VAT changes.
Currently I claim 45p per mile for the first 10,000 business miles. I actually don't do many business miles but I do a lot of personal mileage.
So, my question is this. When claiming VAT on fuel, can I literally just claim VAT every time I fill up at the pump or do I have to work out which proportion of the fuel spend has been for business miles and claim accordingly?
If it's the former, I'll be looking at getting off the FRS.
Currently I claim 45p per mile for the first 10,000 business miles. I actually don't do many business miles but I do a lot of personal mileage.
So, my question is this. When claiming VAT on fuel, can I literally just claim VAT every time I fill up at the pump or do I have to work out which proportion of the fuel spend has been for business miles and claim accordingly?
If it's the former, I'll be looking at getting off the FRS.
Comment