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cleewindows

silly question
« on: April 30, 2010, 06:56:33 pm »
do i keep reciepts for my van?or do i right down everywhere i go in my van and the mileage?
cheers

mci services

Re: silly question
« Reply #1 on: April 30, 2010, 07:02:34 pm »
its up to you, you can

a keep records and claim 40p per mile but you dont claim for parts servicing etc

b keep the van reciept this is classed as plant, but you can claim all fuel,servicing,road tax,parts etc 100%


paul rulton

Re: silly question
« Reply #2 on: April 30, 2010, 07:08:54 pm »
just keep reciepts m8  ;) try n keep everything u do simples  ;D

cleewindows

Re: silly question
« Reply #3 on: April 30, 2010, 07:12:57 pm »
cheers m8 i will start doing that!

mci services

Re: silly question
« Reply #4 on: April 30, 2010, 07:22:16 pm »
yes i quickly came to the conclusion b was the way forward, just claim it all ;D

cleewindows

Re: silly question
« Reply #5 on: April 30, 2010, 07:30:40 pm »
will be saving them from now on!

tacky

  • Posts: 1575
Re: silly question
« Reply #6 on: April 30, 2010, 08:53:02 pm »
keep ALL reciepts . for fuel .workwear , tools etc

chopsie

  • Posts: 1736
Re: silly question
« Reply #7 on: April 30, 2010, 11:58:29 pm »
surely claiming 40p a mile is the simplest way? if you cover 10000 mile per year thats 4 grand, thats got to easily cover the diesel tax and servicing on a van, with some spare? £1200 a year diesel, £180 tax, £500 ish insurance =£1880. that leaves £2120 for all servicing/tyres etc. surely thats the easiest most cost efficient way  ??? 
chopsie

mci services

Re: silly question
« Reply #8 on: May 01, 2010, 12:06:48 am »
as i said its up to the individual to work out the best method that suits them.
i forgot to add the 40p per mile is only for the first 10000 miles then it goes down

spongebob

  • Posts: 433
Re: silly question
« Reply #9 on: May 01, 2010, 12:29:07 am »
My accountant is spot on and an auditor to boot. i basically claim everything- fuel,repairs etc and then deduct 10% for personal use. That is all the revenue look for on your accounts. if you clearly state that you are deducting that amount you should be ok.

AuRavelling79

  • Posts: 26605
Re: silly question
« Reply #10 on: May 01, 2010, 12:48:31 am »
surely claiming 40p a mile is the simplest way? if you cover 10000 mile per year thats 4 grand, thats got to easily cover the diesel tax and servicing on a van, with some spare? £1200 a year diesel, £180 tax, £500 ish insurance =£1880. that leaves £2120 for all servicing/tyres etc. surely thats the easiest most cost efficient way  ??? 

Don't forget depreciation/lease costs if you run a newish van and only do 6000 miles per year then it's £725 diesel, £125 tax, £400 insurance, £2000 depreciation, £100 MOT, £150 service, £150 couple of Tyres which adds up to £3650.

or 6000 miles x 40p = £2400.

So low mileage/newer van might skew things the other way.
It's a game of three halves!

dazmond

  • Posts: 24457
Re: silly question
« Reply #11 on: May 01, 2010, 01:01:10 am »
keep receipts for everything!inclu ink for your printer!! ;) ;D ;D

price higher/work harder!

formb

Re: silly question
« Reply #12 on: May 01, 2010, 10:43:57 am »
I just processed receipts for beer at the staff BBQ  :D

andyM

  • Posts: 6100
Re: silly question
« Reply #13 on: May 01, 2010, 02:10:14 pm »
When i went self-employed i heard a lot of differing advice as to what i could claim back on tax and what i couldn't. Save yourself grief and when you contact HRMC to tell them you are self-employed ask them to give you details of the day's workshop they do to help you fill out your tax return.
There is no charge and you will then know which receipts you need to keep and include in your tax return, and what you can claim for etc.
Saved me a load of stress.
Or you can use an accountant, but it will cost!       
One of the Plebs

C.C.S.

  • Posts: 954
Re: silly question
« Reply #14 on: May 01, 2010, 03:40:32 pm »
When i went self-employed i heard a lot of differing advice as to what i could claim back on tax and what i couldn't. Save yourself grief and when you contact HRMC to tell them you are self-employed ask them to give you details of the day's workshop they do to help you fill out your tax return.
There is no charge and you will then know which receipts you need to keep and include in your tax return, and what you can claim for etc.
Saved me a load of stress.
Or you can use an accountant, but it will cost!       
i don't think they are very helpfull.i asked them how much i can claim as a selfemployed working from home for home bills.they said only £3/week