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claiming the mileage

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    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.

    #2
    Your accountant can help you there.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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      #3
      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.
      "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

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        #4
        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.
        "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

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