Mileage Expenses

Discussion in 'Tax' started by Little Sparrow, 15 Apr 2019 at 1:37 PM.

  1. Little Sparrow

    Little Sparrow Registered User

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    13
    I am a sole trader. I use a van for travel and I charge the diesel to the buisness credit card.
    When calculating expenses can I charge for mileage as expense?
    Many thanks
     
  2. jpd

    jpd Frequent Poster

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    1,568
    I don't understand - are you saying that you want to pay yourself expenses for using the business van?
     
  3. Little Sparrow

    Little Sparrow Registered User

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    13
    Can you claim the mileage expense as a motoring cost?
    Having used the buisness credit card would this be claiming the expense twice. For obvious reasons I don't want to do this.
    Thanks
     
  4. jpd

    jpd Frequent Poster

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    1,568
    I think it would be double-counting. Presumably the other expenses involved with the van (insurance, maintenance & repairs, motor tax, etc) are charged as business expenses. Mileage expenses are meant to reimburse an employee for the use of his private vehicle for business use.
     
  5. Little Sparrow

    Little Sparrow Registered User

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    13
    ok cool... thanks for that.
     
  6. torblednam

    torblednam Frequent Poster

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    360
    There's no such thing as a mileage expense for a sole trader. It fundamentally applies only to an employee, whose employer/employment requires them to incur expense in the performance of their work, for which they are then reimbursed.

    In your case you / your sole trade business (one and the same legal entity), are entitled to:
    Wear & tear allowances on the vehicle
    A proportion of the tax, fuel, running/maintenance costs, tyres, insurance etc... according to the business versus personal use of the vehicle.
     
    rob oyle likes this.