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Can you run a car with a domain business? (tax man)
- Thread starter mally
- Start date
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Hi
From a tax perspective my understanding is that business related mileage can be claimed using the authorised mileage rates under the HMRC fixed profit car scheme. You can claim as a legitimate business expense mileage at rate of 40p mile for the first 10K miles and 25p per mile thereafter as expense against 'business profits' in any given tax. The provisio is the mileage claim has to be for business purposes only - you'll also need to check your car insurance includes 'Business Use'
Hope that helps.
Best Regards
JohnP
From a tax perspective my understanding is that business related mileage can be claimed using the authorised mileage rates under the HMRC fixed profit car scheme. You can claim as a legitimate business expense mileage at rate of 40p mile for the first 10K miles and 25p per mile thereafter as expense against 'business profits' in any given tax. The provisio is the mileage claim has to be for business purposes only - you'll also need to check your car insurance includes 'Business Use'
Hope that helps.
Best Regards
JohnP
Hi
legit business expenses could include trips to post office - posting those transfer forms (recorded delivery), trips to bank - paying in cheques, the odd Nominet meeting, the ocassional industry conference, trips to 'Servers R Us' etc. etc.
Cheers
John P
legit business expenses could include trips to post office - posting those transfer forms (recorded delivery), trips to bank - paying in cheques, the odd Nominet meeting, the ocassional industry conference, trips to 'Servers R Us' etc. etc.
Cheers
John P
- Joined
- Mar 28, 2006
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Regular strategy meetings across the country with friends in the business that know more than i do... that's 4000 miles a year then
- Joined
- Mar 28, 2006
- Posts
- 1,045
- Reaction score
- 56
Don't forget yuou need to be discussing work issues.... whether that be in 'shooters', all bar one or the chippy
many will have laptops i'm sure
depends what nature of work is, but theres all sorts of claims a decent accoiuntant can help u with
its well worth paying for an accountant in my opinion as they will pay for themselves without question
i want to know who the accountant is that the guy who used to part own tetra-pak has
he's a billionaire and we pay him tax! seems to happen too much that sort of thing
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