howareya said:Vicar,
Yes you definaltely can claim mileage and subsistence. you should read the rules before claiming any money. The fact that your place of business is your home might render the first 10 miles or so of your journey not allowable. There is a leaflet in the revenue web site.
Make sure you keep good records and after that your laughing. Good and allowable way of taking money from your business and get a deduction for it.
ubiquitous said:This advice is totally 100% incorrect. Civil service rates of mileage and subsistence can be claimed by employees and company directors but NEVER by self-employed individuals.
Just because you can't claim civil service rates does not mean that you can't claim anything - expenses incurred wholly and exclusively for business purposes can be claimed, in practice you'll probably be allowed a percentage of motor expenses, including wear and tear on the car etc. In any case, I'm sure your accountant will keep you right, as he probably has a number of other clients like yourself. It would probably be unwise to register a company if it can be avoided as that's one sure way to increase expenses and beauraucracy.Still a bit counfused lads! Ubiquitous, if I cant claim mileage if your are self employed then how to you get your mileage back??
My accountant tells me that I can claim it!
Marianne S said:Sorry forgot to say that you can also claim for depreciation on your car. My boyfriend prepares his accounts himself, including his VAT return very 2 months, it's not difficult and you can reduce your bill at the accountant (Accoutnants fees are also allowable as expenses BTW!)
vicar said:Hi,
Have been operating as sole trader for a year now (whilst still holding down a full time PAYE job) and its finally time to bite the bullet and go out full time and give it a proper go. My question is can I claim susbsistence and mileage rates at civil service rates? I asked my accountant is it OK to do this as a sole trader and he says yes, but a lot of people have told me it can only be done if I register as a company(Ltd) . I'm a bit confused, and its not like I dont trust my accountant but I just want to make sure everything is done by the book. I I will be clocking up about 2000 miles per month but my registered office is at home.
I'd be more concerned about expenses claimed as your office is at home. Make sure you don't claim too much of the household expenses. If you do and you want to sell your house at a later stage, there may be a capital gains liability!
JoeBallantin said:Hi
As far as claiming for lunches go, Revenue claim that people need to eat in order to live, not to do their job and so it can't be claimed by a self employed person. Exception may be when 'travelling' and you have to eat in restaurants. I'm self employed and don't keep receipts or get tax back for lunches
Well I'm a self-employed sole trader but I don't work from home, so my lunches (take-away sambos from local Centra) are tax-deductible. I don't think the Revenue take the view that I should either go home for lunch or bring in my own home-made sambo............although in that case, I'd be claimeing the price of bread, butter and ham from the weekly shopping.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?