Giant now need petrol and food receipts :(

[wendigo100]

Are umbrellas worth the bother?

[tim123]

I'm a real company amd I don't save petrol receipts.

I have proof that I did the journey (a signed timesheet), I claim the fixed mileage and I don't claim the VAT back, why should I keep the receipt?

tim

[DaveB]

I'm a real company amd I don't save petrol receipts.

I have proof that I did the journey (a signed timesheet), I claim the fixed mileage and I don't claim the VAT back, why should I keep the receipt?

tim

Supporting evidence. Just because your time sheet has been signed doesnt mean you didnt work from home on a particular day or days. Or does your client tell you where you have to work each day and for how long?

If you are claiming milage then you really should be keeping a log of business journeys made including milage and keep the receipts as backup. It's minimal effort and gives the IR one less excuse to go digging.

[dmini]

If you are on flat rate VAT, you don't need the receipts - as you aren't claiming the VAT element of the 40p/mile back - logs are still a very good idea.
If you are NOT flat rate VAT, then there is an element of the 40p that is VAT related & so claimed back from HMRC, in the measure of a few pence / mile, and this you DO need receipts for, as far as I understand it. Exact figures - talk to your accountant! They should have told you this in January this year - that is when the additional receipts were required by both Parasol & Contractorumbrella
Simon / Darren etc - come on and add your bit - this is YOUR area of expertise!!!

[Nixon Williams]

Giant will want the receipts so that they can reclaim the VAT on the mileage!

[tim123]

Supporting evidence. Just because your time sheet has been signed doesnt mean you didnt work from home on a particular day or days. Or does your client tell you where you have to work each day and for how long?

If you are claiming milage then you really should be keeping a log of business journeys made including milage and keep the receipts as backup. It's minimal effort and gives the IR one less excuse to go digging.

I do a job where it is virtually impossible for me to work from home.

I have never in 25 years billed anything other than an hour sat on one of my clients' seats.

tim

[DaveB]

I do a job where it is virtually impossible for me to work from home.

I have never in 25 years billed anything other than an hour sat on one of my clients' seats.

tim

I'm not doubting that everything you have said is true but can you *prove* that to the nice men from HMRC? There is no presumption of innocence in a tax investiagtion. You have to prove that you did everything right. Keeping receipts and a milage log is the easiest way of providing evidence to support your case.

As a permie you wouldn't be able to claim a milage allowance without telling your employer where you went, when, and how far it was; and you wouldn't get the petrol costs back for a company hire car without a receipt. HMRC will treat it in exactly the same way.

[simondolan]

If you are on flat rate VAT, you don't need the receipts - as you aren't claiming the VAT element of the 40p/mile back - logs are still a very good idea.
If you are NOT flat rate VAT, then there is an element of the 40p that is VAT related & so claimed back from HMRC, in the measure of a few pence / mile, and this you DO need receipts for, as far as I understand it. Exact figures - talk to your accountant! They should have told you this in January this year - that is when the additional receipts were required by both Parasol & Contractorumbrella
Simon / Darren etc - come on and add your bit - this is YOUR area of expertise!!!

In order to claim expenses you need to prove that you have actually spent that amount. Receipts of course are just such evidence, but there are other forms of evidence you can use such as mileage logs (the Revenue can cross check these against MOT records)

[Sockpuppet]

In order to claim expenses you need to prove that you have actually spent that amount. Receipts of course are just such evidence, but there are other forms of evidence you can use such as mileage logs (the Revenue can cross check these against MOT records)

Afaik the MOT mileage record is voluntary. I know the one on the tax disc is.

[DaveB]

Afaik the MOT mileage record is voluntary. I know the one on the tax disc is.

The MOT milage is recorded by the testing station and reported along with the fact of the test taking place. Unless your using some dodgy backstreet operator who knocks out test certificates for a tenner and no questions asked.