fuel

Discussion in 'Managing Your Business' started by Gav, Mar 16, 2011.

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  1. Gav

    Gav Grand Master
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    Do you put all your fuel in as an experience? Or can you only put so much in?
     
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  2. nearlyclean

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    If it is a work vehicle 90% is a safe figure and 30% if you have a Family car ( used when giving quotes)
    Only have the One Vehicle I was told by my accountant 80% work 20% pleasure is a safe figure
    I have been self employed for 20 years and work on these figures over the years with no problems.
    If you put 100% in they may question it because no one solely uses a vehicle for work purposes.example pop down the shop for Mars bar and paper,it sounds petty but we all know how the Tax man works
     
  3. Gav

    Gav Grand Master
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    Great sounds about right I have pretty much done this, entered some receipts for fuel as expences but also a few times have filled up and not bothered putting it through
     
  4. If its a van you have then HMRC expect it all to be fuel so yes put it all in if its a car then you need to keep back at least 10% for personal mileage
     
  5. Gav

    Gav Grand Master
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    oh right that's what I thought as van is only used for work. But read other places that you should not put all in.
     
  6. yeah i got that directlly from HMRC
     
  7. Hinty

    Hinty Well-Known Member
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    Some keep a mileage log, and work out the percentage.

    Bear in mind though that if you are using the vehicle for work it may have ladders fitted, and a full load of water - so you would get less mpg when using for work, than using it empty, without ladders for private.
     
  8. monty3ross

    monty3ross Guest

    Your calculation is absolutely correct.
     
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