Can somebody explain the difference between section 129 & 148 in the Form 11E. They are both for motor expenses but I'm not sure what the difference is here.
Expenses and Deductions [126 - 133]
129. Motor, Travel and Subsistence
Adjustments made to Profit/Loss per Accounts [148 - 152]
Panel 129 is where you enter the amount of motor, travel & subsistence as recorded in the accounts.
Panel 148 is where you adjust (i.e. add back) for the personal element of these expenses.
Obviously if in your accounts you have only recorded the legitimate business expense rather than all of your motoring costs, then you won't have any adjustment at box 148.