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[Craig@Clarity]

Just be aware that if HMRC haven't processed the application and you prepare the VAT return differently to the scheme they have on their system, their computer can say no and kick out a flag

[Craig@Clarity]

The £150k threshold is the criteria if you want to join the FRS. Once you're on it, the threshold is £230k with various scenarios before you're kicked off it or you have to leave....

[Craig@Clarity]

OP has it right. They claim the mileage back from the company. The company claims the VAT on the mileage expenses. Quick calc is to take the advisory fuel rate and multiply it by the mileage claim. The VAT element is 1/6 of this. If you're looking for a formula it's (AFR x mileage)/6 = VAT element....

[Craig@Clarity]

AFAIK until you receive confirmation from them, you're still on FRS...

[Craig@Clarity]

It's up to 45p per mile per employee up to 10,000 per tax year (6 April - 5 April). So if you have two different personal cars, it's 10,000 miles each and yes, it then drops to up to 25p per mile over 10,000 miles.

If you're both sharing a car, the one claiming the mileage can claim up...