Just seen your mail address .nl are you based in holland otherwise I am wasting your time
Quote from: GQC Window Cleaning on January 27, 2007, 10:51:46 amOk, so it's either 40p mileage cost OR Vehicle expenses ie. Fuel/maintenance??I'm confusedQuote from: Pj on January 27, 2007, 08:39:46 amYou can claim 100% of all running and repair costs.As for vehicle: 40% in first year regardless of weather it's new or used.25% of written back value every year from then on.ie. 1st year purchase £1200 = claim 40% = £480 tax deductable 2nd year value now written back £720 = claim 25% = £280 tax deductable 3rd year value now written back £440 = claim 25% = £176 tax deductableetc.I don't have an accountant, but how should I do this? Just send them the receipt and put it in my records as the lump sum of £1200? or this year just £480, next year £280?Can anyone please answer those two questions, they're kinda important! Many thanks.
Ok, so it's either 40p mileage cost OR Vehicle expenses ie. Fuel/maintenance??I'm confusedQuote from: Pj on January 27, 2007, 08:39:46 amYou can claim 100% of all running and repair costs.As for vehicle: 40% in first year regardless of weather it's new or used.25% of written back value every year from then on.ie. 1st year purchase £1200 = claim 40% = £480 tax deductable 2nd year value now written back £720 = claim 25% = £280 tax deductable 3rd year value now written back £440 = claim 25% = £176 tax deductableetc.I don't have an accountant, but how should I do this? Just send them the receipt and put it in my records as the lump sum of £1200? or this year just £480, next year £280?
You can claim 100% of all running and repair costs.As for vehicle: 40% in first year regardless of weather it's new or used.25% of written back value every year from then on.ie. 1st year purchase £1200 = claim 40% = £480 tax deductable 2nd year value now written back £720 = claim 25% = £280 tax deductable 3rd year value now written back £440 = claim 25% = £176 tax deductableetc.