The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Car Expenses
Post Info TOPIC: Car Expenses
Terri


Senior Member

Status: Offline
Posts: 411
Date:
Car Expenses
Permalink  

I have a few questions:

1.  If you don't drive but your spouse/partner drives you in their car to get to client meetings, accountant meetings, training sessions etc, can you class this as an expense of the business

2.  When working out mileage at 40p per mile, how would be the best way to keep the records?  Would a list of dates and travel to and reason be enough, together with the mileage amount taken from AA routeplanner/Googlemaps?

3.  If you are working on a percentage of business use rather than the 40p per mile method, when inputting petrol, insurance, repairs, MOT etc, would you input the whole amount and work out the business percentage at year end or input the percentage only that had been allocated as business use - ie only record 60% of the insurance premium if 60% of the car use is business

Thank you in advance.  I attended a training course today iwth HM Revenue & Customs and it left me with a few questions that I thought about when I got home (always the case for me),

Terri



__________________

Terri Homyard AICB CB. Cert PM. Dip

A1 Bookkeeping & Payroll Services

www.a1-bookkeeping.co.uk
Julie


Senior Member

Status: Offline
Posts: 301
Date:
Permalink  

Hi Terri,

Not sure about the answer to No. 1 or No. 3 but for No. 2 one of my clients uses this :-

Format a table call it `Motor Mileage Allowance Claim Sheet`

Column for Month, Opening Reading, Closing Reading, Miles Done, Private, Business, Cumulative Mileage, Rate, Amount Due, Amount Paid.

You could do a similar one listing days of the week.

Would look like :-

Month O/reading C/reading Mile Done Private Business Cum/Mileage Rate A/due A/paid

April 99493 100391 898 304 594 594 40p 237.60 237.60
May 100391 100812 421 288 133 727 40p 53.20 53.20

Hope is helps !!

Julie

__________________
Julie


Senior Member

Status: Offline
Posts: 301
Date:
Permalink  

Hi Terri,

Sorry about the sorry state of my posting above, didnt realise my columns would be a little out of sequence, but I hope you can work out what I mean !

__________________
Terri


Senior Member

Status: Offline
Posts: 411
Date:
Permalink  

Thank you Julie

__________________

Terri Homyard AICB CB. Cert PM. Dip

A1 Bookkeeping & Payroll Services

www.a1-bookkeeping.co.uk
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Car Expenses
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About