The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> Professional Book-keepers in Practice -> Use of own car
Post Info TOPIC: Use of own car
ProBowlUK


Senior Member

Status: Offline
Posts: 180
Date:
Use of own car
Permalink Closed

Hi

If I go the self-employed route,  and collect documents from clients to work on at home,  what insurance will I need and what are the premiums like ?

What car insurance would I need ?
What portion of car expenses would be allowed to put to the business ?


cheers   biggrin


__________________
Bob Sharp
semsley


Guru

Status: Offline
Posts: 1329
Date:
Permalink Closed

You'd need cover for business use on your car insurance.  This may or may not cost you any extra depends on the company.

You can claim mileage allowance of 40p mile for the first 10,000 miles a year then 25p per mile for business mileage.

__________________

Advice from beyond the grave!!!

E&OE
ProBowlUK


Senior Member

Status: Offline
Posts: 180
Date:
Permalink Closed

So any motor expenses I bought out of company Cash/Bank would have to be posted to Drawings,  then claim the Mileage Allowance on my Tax return ?

What evidence of the mileage is required ?


cheers biggrin




-- Edited by ProBowlUK on Tuesday 16th of February 2010 10:59:56 PM

__________________
Bob Sharp
semsley


Guru

Status: Offline
Posts: 1329
Date:
Permalink Closed

Log of business miles travelled.

__________________

Advice from beyond the grave!!!

E&OE
SOS Bookkeeping Services


Newbie

Status: Offline
Posts: 2
Date:
Permalink Closed

When I travel to clients, I log in my diary, the starting and ending mileage, and then enter this into a spreadsheet. Hope this helps :)

__________________
SOS Bookkeeping Services http://www.sosaccounts.co.uk
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> Professional Book-keepers in Practice -> Use of own car
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About