Company cars etc etc
Discussion
A moot point.
Where is your primary place of work?
Regarding recovering business mileage from your customers, that should really be part of your overall business billing process. Whether you decide to show the mileage claim element as part of a bill or a separate bill or even not disclose it separately at all is between you and your customers. However, as far as accounting for it is concerned, it is just part of your total "Fees" or "Sales".
Ther main thing to be careful about is ensuring that you are aware that this type of mileage income needs to be included when calculating how close you are to the compulsory VAT registration threshold.
A business that billed £60,000 worth of fee income over a 12 month period plus £5,000 worth of mileage and expense claims will have billed £65,000 and will have exceeded the threshold.
Where is your primary place of work?
Regarding recovering business mileage from your customers, that should really be part of your overall business billing process. Whether you decide to show the mileage claim element as part of a bill or a separate bill or even not disclose it separately at all is between you and your customers. However, as far as accounting for it is concerned, it is just part of your total "Fees" or "Sales".
Ther main thing to be careful about is ensuring that you are aware that this type of mileage income needs to be included when calculating how close you are to the compulsory VAT registration threshold.
A business that billed £60,000 worth of fee income over a 12 month period plus £5,000 worth of mileage and expense claims will have billed £65,000 and will have exceeded the threshold.
PhilLL said:
Sorry to hijack slightly but can you claim home-office mileage back if you are home-based and require to go into the office only occasionally?
My employer does. I'm officially based at home though, and spend most of my time on client sites, with the odd day at home and a few days a month in the office.I'd say it's dodgy ground if you're at the office more than half the time.
Gassing Station | Business | Top of Page | What's New | My Stuff