Personal taxation on company cars has been increasing for years particularly on private fuel benefit. Whether there is a financial benefit from having a car and fuel financed through the company really needs to be looked at carefully on an individual basis. My reckoning says unless you want an expensive zero emission vehicle and will […]
Tag: MAP
Claiming for VAT using the sole trader simplified expenses scheme?
So you are a sole trader but you happen to be voluntarily VAT registered, how do you account for VAT on the approved mileage payments that you are showing as vehicle expenses on your tax return. I love accounting – yes I do especially when you get a hot topic that everyone wants to debate. […]