Vat on mileage

[sidknows]

Does anyone happen to know how much vat we can claim back on mileage now given the ever increasing cost of petrol ?

I remember it being 0.0179 pence per mile but wonder if this has changed

[VectraMan]

I used to do 2p per mile, but up to the amount you have receipts for which was always a bit less (though with today's prices I guess not).

[Waldorf]

Nothing if you are on the flat rate VAT system.

[Danbro]

Danbro Accounting Limited

Does anyone happen to know how much vat we can claim back on mileage now given the ever increasing cost of petrol ?

I remember it being 0.0179 pence per mile but wonder if this has changed

Hi,

Basically you can only recover the VAT on the petrol element, this is currently 10p per mile. So if you did 100 miles this would be 100 Miles X 10p X 7/47 = £1.48 per 100 miles

As Waldorf says no claim if you are on the flat rate scheme.

Thanks

Neil