Hi all
I have started a UK limited company and have a client in my home country and another client in the UK. I still have a car in my home country but I am no longer legal owner of it. I do pay for it but names are shifted to my parents as they are residents there.
When I visit my client in my home country I was planning to use my old car and write out business miles from the airport I land in, to the destination I sleep. Further to and from the temporary place of work. I choose to sleep at family members or hotels depending on convenience.
So the big question, am I allowed to expense with driven miles as business miles?
I have found the old archived from HMRC but I can't find an update to it.
BIM47701 - Measuring the profits (specific rules and practices) - receipts and deductions: specific deductions - travel and subsistence: use of vehicle - mileage rates - introduction
It states following:
Ownership
It is not necessary for a person who claims mileage rate basis to be the legal owner of the vehicle. All that is necessary is that the taxpayer claiming the expense is paying the costs of running and maintaining the vehicle.
Do there exist an update to above?
Thanks for your help in advance
I have started a UK limited company and have a client in my home country and another client in the UK. I still have a car in my home country but I am no longer legal owner of it. I do pay for it but names are shifted to my parents as they are residents there.
When I visit my client in my home country I was planning to use my old car and write out business miles from the airport I land in, to the destination I sleep. Further to and from the temporary place of work. I choose to sleep at family members or hotels depending on convenience.
So the big question, am I allowed to expense with driven miles as business miles?
I have found the old archived from HMRC but I can't find an update to it.
BIM47701 - Measuring the profits (specific rules and practices) - receipts and deductions: specific deductions - travel and subsistence: use of vehicle - mileage rates - introduction
It states following:
Ownership
It is not necessary for a person who claims mileage rate basis to be the legal owner of the vehicle. All that is necessary is that the taxpayer claiming the expense is paying the costs of running and maintaining the vehicle.
Do there exist an update to above?
Thanks for your help in advance
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