Self employed alongside full time job

[UNG]

I charge 45ppm for 10,000mls, then 25ppm to the business through my personal expenses, along with food when on site. When I have needed a VAN, (once in the last three years) I rented one, claimed VAT back on hire and fuel.

Not sure how you run a vehicle at those rates I do all my mileage at one rate regardless of miles travelled. HMRC don't set mileage rates they just tax you on what they consider to be profit i.e. anything over there set limits, also if you carry a passenger for work you can pay an extra 5p/mile for that, the biggest joke in the HMRC allowances is you can claim 20p/mile on a pushbike

With regard to the VAT once your company has paid your mileage it can reclaim an amount equal to the VAT that would be paid on the fuel for each mile you travel, Google "VAT reclaim on mileage allowance" it could save you some money

 

[plugsandsparks]

Thx will have a look

 

[plugsandsparks]

Not sure how you run a vehicle at those rates I do all my mileage at one rate regardless of miles travelled. HMRC don't set mileage rates they just tax you on what they consider to be profit i.e. anything over there set limits, also if you carry a passenger for work you can pay an extra 5p/mile for that, the biggest joke in the HMRC allowances is you can claim 20p/mile on a pushbike

With regard to the VAT once your company has paid your mileage it can reclaim an amount equal to the VAT that would be paid on the fuel for each mile you travel, Google "VAT reclaim on mileage allowance" it could save you some money

Actually reminded me of when I paid myself a little too much in mileage after a few letters and calls back and forth with HMRC what I found out was that any overpayment of mileage attract income tax for the employee but not NI for the employer.

 

[Geordie Spark]

Dunno how you can use a car to turn up to work as a long term solution, maybe ok if your just starting out but nothing to me says unprofessional more than turning up to a job in a fiesta with mini trunking sticking out the window

You just look like a part-timer/chancer and wont be taken seriously

nice clean van with sign writing, and smart work embroidered teeshirts is what you should be aiming for eventually


You want to look like a professional business so you can charge accordingly and make the right impression

thieves will break into any van parked in a vulnerable place

without sign writing but rod tubes and ladders on the top its pretty obvious your a tradesmen

you can only invest in better locks, a van vault and decent tool insurance

It worked very nicely for me and that's all I was ever interested in and that's all I have to say on the matter.

 

[plugsandsparks]

Plenty of trades use estate cars, it more common than some people think. As for those "vans" like connect or berlingo that I see some sparkies using, I do get a good laugh at the wholesalers when they get the mini trunking or unistrut and think ahhh *ugger. I am very very lucky in that my wholesaler actually delivers my big stuff.

 

[Welchyboy1]

Plenty of trades use estate cars, it more common than some people think. As for those "vans" like connect or berlingo that I see some sparkies using, I do get a good laugh at the wholesalers when they get the mini trunking or unistrut and think ahhh *ugger. I am very very lucky in that my wholesaler actually delivers my big stuff.

Still looks two-bob though lol!