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fmul9798
Guest
Hi,
I have a question regarding VAT on business expenses as sole trader.
I am required to travel to a customer site, and do so using my own vehicle. For income tax purposes, I record mileage and keep all fuel receipts, and then calculate the actual business expense related to each trip to/from the client site.
My questions relate to VAT treatment of this and similar business-related expenses:
- Do I reclaim VAT on the proportion of the fuel receipt related to business travel, or ignore it for VAT purposes and just cost it as an expense for income tax?
- In respect of phone & ESB, if my home is my office, do I reclaim the relevant proportion of VAT from these expenses, or is it only possible to reclaim VAT when 100% of the ESB & phone cost is business-related?
- Similarly, I only carry 1 mobile phone for both business & personal usage. I estimate 70% is business use based on billing detail analysis. Can I reclaim 70% of the VAT on my mobile phone bills?
Thanks for any help you can offer (and of course I'm also contacting revenue)
-fm
I have a question regarding VAT on business expenses as sole trader.
I am required to travel to a customer site, and do so using my own vehicle. For income tax purposes, I record mileage and keep all fuel receipts, and then calculate the actual business expense related to each trip to/from the client site.
My questions relate to VAT treatment of this and similar business-related expenses:
- Do I reclaim VAT on the proportion of the fuel receipt related to business travel, or ignore it for VAT purposes and just cost it as an expense for income tax?
- In respect of phone & ESB, if my home is my office, do I reclaim the relevant proportion of VAT from these expenses, or is it only possible to reclaim VAT when 100% of the ESB & phone cost is business-related?
- Similarly, I only carry 1 mobile phone for both business & personal usage. I estimate 70% is business use based on billing detail analysis. Can I reclaim 70% of the VAT on my mobile phone bills?
Thanks for any help you can offer (and of course I'm also contacting revenue)
-fm