Hire Car/Mileage

[JamJarST]

Think we've got our wires crossed here.
I was sugesting that one should only claim the 45p/mile; not claim the rental as that could incur a BIK.

Ah I see, I thought you meant claim the rental and the 45p, I think that is what some people were suggesting. You would have to work out the mileage to break even though, I have just rented a car fro 4 days for £64. That means I would have to 140 odd miles to reclaim it and then of course that excludes the actual fuel, asa rough guess the break even for me would be close to 200 miles.

[RSoles]

Think we've got our wires crossed here.
I was sugesting that one should only claim the 45p/mile; not claim the rental as that could incur a BIK.

[JamJarST]

Not directly, but it's factored into the rental charge,

Which would be claimed back in the hire cost, which is why I don't see how claiming the 45p can be legit.

[RSoles]

I don't think this can be right can it? The 45p a mile allowance includes a provision for maintenance/wear and tear, you don't pay for maintenance on a hire car so HMRC might take a dim view.

Not directly, but it's factored into the rental charge,

[JamJarST]

That may be true, but you might still be better off claiming the 40p per mile private mileage rather than the actual fuel cost, which will be how it'll work if you try to put the whole thing through the company as a business expense.

I've had to hire cars a couple of times when mine wasn't working, and always just carried on claiming the private mileage and not claimed the rental. That way there's no issue of you using it for personal use.

I don't think this can be right can it? The 45p a mile allowance includes a provision for maintenance/wear and tear, you don't pay for maintenance on a hire car so HMRC might take a dim view.

[northernladuk]

That may be true, but you might still be better off claiming the 40p per mile private mileage rather than the actual fuel cost, which will be how it'll work if you try to put the whole thing through the company as a business expense.

I've had to hire cars a couple of times when mine wasn't working, and always just carried on claiming the private mileage and not claimed the rental. That way there's no issue of you using it for personal use.

<cough> 45p <cough>

[VectraMan]

If the car rental is only for business use then you claim for the cost of rental plus the fuel cost. Simples.

That may be true, but you might still be better off claiming the 40p per mile private mileage rather than the actual fuel cost, which will be how it'll work if you try to put the whole thing through the company as a business expense.

I've had to hire cars a couple of times when mine wasn't working, and always just carried on claiming the private mileage and not claimed the rental. That way there's no issue of you using it for personal use.

[northernladuk]

If the car rental is only for business use then you claim for the cost of rental plus the fuel cost. Simples.

I also thought it was as Rsoles says. The same for if you bought a car through the company. Just being on your drive means it is available for personal use so BiK comes in to play?

[Wanderer]

The advice I was given was to claim mileage allowance only.
If you claim the rental there's a risk of HMRC claiming you could also use the rental car for personal use.

If the car rental is only for business use then you claim for the cost of rental plus the fuel cost. Simples.

[RSoles]

The advice I was given was to claim mileage allowance only.
If you claim the rental there's a risk of HMRC claiming you could also use the rental car for personal use.

You can claim 'use of personal vehicle' because it doesn't matter how you provide the vehicle.

[eek]

No! it's one or the other.

Its mileage or rental cost + fuel cost. You can't do both and personally I would think the mileage cost would be hard to justify.

[stek]

I'm currently hiring a car for a project, and I reclaim the full rental cost from my Limited company. Can I also claim mileage on top of this (since I'm currently paying the fuel cost personally)?

I assume mileage rates are designed to allow for both fuel and also depreciation/maintenance of the car, which is obviously already being covered by the rental cost in this case.

No! it's one or the other.

[Torrango]

I'm currently hiring a car for a project, and I reclaim the full rental cost from my Limited company. Can I also claim mileage on top of this (since I'm currently paying the fuel cost personally)?

I assume mileage rates are designed to allow for both fuel and also depreciation/maintenance of the car, which is obviously already being covered by the rental cost in this case.