VAT Receipts

[Bluebird]

Yes they can. The copmpany can claim back the VAT on the fuel element of the 40p. Check hmrc.gov.uk for more info.

but to do this they would need reciepts ?

and the reciepts would not show just business fuel consumption ?

and anyway he's on the FRS !

[VectraMan]

I claim back 2p per mile VAT, or the amount I have receipts for, whichever is lesser (which is always the receipts). So yes you do need to keep them, but presumably no reason to on the FRS.

The VAT bod I spoke to once said I could also claim back VAT on repairs in the proportion of business mileage v personal mileage, but I've never bothered with that.

You can claim back VAT on purchases before you created the company (I did), but it would obviously have had to be business mileage. Perhaps if you travelled to a meeting to discuss a deal which led you to setup the company.

But IANAA.

And yes I am going to try and get on the FRS.