Archive for the ‘United Kingdom’ Category
When self employed, if leasing a car of at a cost of around £400pm, can you offset the whole lease amount against tax. And can you also offset petrol expense?
I know of the 40p per mile to 10,000 miles deal, but just trying to figure out which option would benefit me more.
I only get 11 pence per business mile back on my mileage for work. My employer now wants the receipts with VAT number on so they can claim the tax back on the petrol i buy, why can’t I claim the vat back after all I’m initially paying for it?
How much can a single male earn currently in a year before he is lible to tax p lease?