Winter tyres a legitimate business expense?

[ben_e71]

you can claim the difference between your company's rate (19p) and the recommended rate (45p) back directly from the tax man (if you can evidence the mileage) if you are using your private vehicle for business....

However, if you have a company car you can usually only claim the fuel element e.g. 19p.

 

[Deleted member 55947]

You could try and buy them as business equipment whereby they'd be wholly owned by the business and treat as an asset. In much the same way as a winter heater for an office would be seen as perhaps. Just a thought, ask your accountant.

 

[Stratman]

^^^^ If you did that, wouldn't you be liable for income tax and NI on the benefit in kind element of using the tyres for non business journeys?

 

[markjay]

Thats absolutely ridiculous, I certainly wouldn't insult any of my employees in that way...if they want you to use your car they should pay the rate prescribed-which in itself is sadly inadequate!
You can of course claim the difference between what you're paid and the rate the HMRC allow on your personal tax return.

It is not always that simple. We pay in full public transport costs (including taxis where appropriate, and on occasion also car hire) for employees' travel, but if they choose to use their own vehicle we will refund a lower rate based on the idea that it was their choice to use their own car.

 

[Dieselman]

you can claim the difference between your company's rate (19p) and the recommended rate (45p) back directly from the tax man (if you can evidence the mileage) if you are using your private vehicle for business....

Not so. You can claim the cost against tax, so are making recovery at the difference * your personal tax rate.

 

[DogWagen]

Fixed Profit Car Scheme

recovery at the difference * your personal tax rate.

DM is right - It's called the 'fixed profit car scheme' and I used it for a number of years to recover the tax on the difference between the mileage I could claim (MOD paid 20p or so) and the FPCS approved cost per mile (40-ish). After the first year or 2, they put it into my tax coding.

HTH

Mike

 

[Rory]

Chaps
Just about to order some winter tyres and wheels and as I am self employed I was wondering if I could claim this through my business as a legitimate expense? My car is personally owned (well leased actually) and not a company car.

If I get snowed in I cannot get to work!

Just curious...

Are you a sole trader or are you an employee of a limited company?

If you're allowing yourself the full HMRC 45p per mile (for the first 10K miles) then I'm guessing you operate through a limited company so you can't (legitimately) put winter tyres through the company.

I do know someone who had a very big bill for car repairs to his Audi and got the garage to give a receipt for an item of equipment. I have a feeling that might be a bit dodgy though.

 

[Rory]

I wish my company paid me 45p per mile for using my car. Current reimbursement rate is 19p

Do you get a monthly car allowance too?

How many business miles are you doing?

 

[Dieselman]

I do know someone who had a very big bill for car repairs and got the garage to give a receipt for Consultancy. I have a feeling that might be a bit dodgy though.

Or they were just talking cobblers...like most consultants do...

 

[Rory]

Or they were just talking cobblers...like most consultants do...

Well...let's just say I'm confident it's correct.

You do hear a lot of ******** about funding cars through business's though. I've lost count of the people who tell me they put it all through the company and then the next thing the car is gone and they say the tax was killing them.

A friend of ours did an inspection on a company who had 2 Merc CLK's on lease but no tax was being paid on them. "There's no liability", their book-keeper said, as they're not being used by employees. Turned out the Directors wives were using them. The Directors weren't impressed by the bill they got!

 

[Dieselman]

Well...let's just say I'm confident it's correct.

It was a joke about consultants...

A friend of ours did an inspection on a company who had 2 Merc CLK's on lease but no tax was being paid on them. "There's no liability", their book-keeper said, as they're not being used by employees. Turned out the Directors wives were using them. The Directors weren't impressed by the bill they got!

LOL. That's the ultra heavy tax for cars provided by firms, no business use at all..

 

[gr4z]

I have asked my accountant and she has confirmed as I am claiming the 45p per mile I am not allowed to claim further expenses with relation to my car, including winter tyres. Bugger.