Damge to car while out on business
Discussion
I use my own car for business and we are a limited co.
Just before Christmas I was at a clients when one of their family let a gate swing on my car, scratching the rear quarter. They offered to pay thinking it was a scratch which just needed polishing out or could be done by a Chips Away type repairer. It turns out it is £220 worth and my excess is £275. I suspect they will still be willing to pay for the damage but I wonder how I stand if I charge the repair or part of the repair cost to my company to maintain the relationship with the client? Is this an allowable business expense?
I know the 40p a mile I am paid covers insurance but this is, in effect, an uninsured loss due to the policy excess.
Just before Christmas I was at a clients when one of their family let a gate swing on my car, scratching the rear quarter. They offered to pay thinking it was a scratch which just needed polishing out or could be done by a Chips Away type repairer. It turns out it is £220 worth and my excess is £275. I suspect they will still be willing to pay for the damage but I wonder how I stand if I charge the repair or part of the repair cost to my company to maintain the relationship with the client? Is this an allowable business expense?
I know the 40p a mile I am paid covers insurance but this is, in effect, an uninsured loss due to the policy excess.
Gassing Station | Business | Top of Page | What's New | My Stuff



