Originally posted by DolanAccountancyJames
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How do you record mileage?
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by pscont View PostWell, I dont think anyone can. You have a business address and a contract say 300 miles away. These are facts.
How do you prove you driven your car, or how do they prove you haven't driven it?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by pscont View PostWell, I dont think anyone can. You have a business address and a contract say 300 miles away. These are facts.
How do you prove you driven your car, or how do they prove you haven't driven it?
If you don't have a spreadsheet they simply say 'prove it' and you can't can you?See You Next TuesdayComment
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Originally posted by northernladuk View PostYeah, which eejit would run a contractor accountancy with just a crappy spread sheetP.S. What Spreadsheet? Revolutionising the contracting market again.Comment
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Originally posted by northernladuk View PostI use Freeagent which tracks it for you. Just enter the mileage done at that claim and bob's your uncle. The software will manage the 10k limit etc for you and show the rate to be claimed automatically. Another reason you should be using FA if little things like mileage are causing you issues."The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." CiceroComment
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Originally posted by Waldorf View PostWill FA correctly calculate the VAT that can be claimed back on the mileage rate, taking account the engine size etc?
https://support.freeagent.com/hc/en-...ng-new-mileage
Reclaiming VAT on fuel
You need to be registered for VAT and have a VAT receipt for fuel enough to cover the mileage travelled on this journey if you want to reclaim VAT on the fuel. You can't reclaim VAT on the full cost of the mileage travelled, only on the fuel element. So if you do have a VAT receipt, choose that you want to claim for this mileage, and enter the fuel type of your vehicle and the capacity of its engine. FreeAgent will work out the correct VAT reclaim for you.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by pscont View PostI am based far away from my client and at the moment I do around 2800 miles per month.
I keep a spreadsheet with traveled distances by day, in respect to the client.
Is this enough? How do you do it?
That was far too tiresome (see what I did there?) so, I knew my daily journey was, say, 200 miles x 5 days = 1000 miles @ nppm. Simples. Never had an issue with accountants or HMRC,either.Comment
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Originally posted by Waldorf View PostWill FA correctly calculate the VAT that can be claimed back on the mileage rate, taking account the engine size etc?Comment
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On the nice summer days when you decide to take your motorbike instead, do you remember to drop the mileage rate from 45p to 25p for that day?Comment
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Originally posted by pscont View PostI am based far away from my client and at the moment I do around 2800 miles per month.
I keep a spreadsheet with traveled distances by day, in respect to the client.
Is this enough? How do you do it?______________________
Don't get mad...get even...Comment
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