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Previously on "claiming the mileage"

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  • Paddy
    replied
    Originally posted by abc111 View Post
    Hi
    If someone got paid the mileage at 45p per mile rate while working as a sole limited company director/ employee and mileage did not appear as a separate item but along with other expenses. At the end of financial year how can they adjust their records while claiming the mileage from HMRC on behalf of the business (as oppose to on behalf of 'employee' from the client)?

    Thanks.
    Originally posted by Waldorf View Post
    If you have been paid the 45p per mile by your company then there is nothing extra to claim from HMRC.

    You only claim extra on your tax return if you received less than the HMRC rate.

    I suspect you don't have an accountant.
    Wrong! In accounting terms for limited companies, all expenses are treated as income. Millage will be offset against tax.

    Leave a comment:


  • Waldorf
    replied
    If you have been paid the 45p per mile by your company then there is nothing extra to claim from HMRC.

    You only claim extra on your tax return if you received less than the HMRC rate.

    I suspect you don't have an accountant.

    Leave a comment:


  • northernladuk
    replied
    Your accountant can help you there.

    Leave a comment:


  • abc111
    started a topic claiming the mileage

    claiming the mileage

    Hi
    If someone got paid the mileage at 45p per mile rate while working as a sole limited company director/ employee and mileage did not appear as a separate item but along with other expenses. At the end of financial year how can they adjust their records while claiming the mileage from HMRC on behalf of the business (as oppose to on behalf of 'employee' from the client)?

    Thanks.

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