Vehicle exp - clarification required please.
Anne Boleyn
Registered Posts: 196 Dedicated contributor 🦉
Hi everyone,
My question is concerning vehicle expenses. I know there are two options in claiming expenses, either 40p/25p or % of receipts but somewhere down the line I was told that if you claimed one way you couldn't change it unless or until you changed your car. Is this true or was it a dream ?
If anyone knows I would appreciate any guidance.
Thanks in advance.
My question is concerning vehicle expenses. I know there are two options in claiming expenses, either 40p/25p or % of receipts but somewhere down the line I was told that if you claimed one way you couldn't change it unless or until you changed your car. Is this true or was it a dream ?
If anyone knows I would appreciate any guidance.
Thanks in advance.
0
Comments
-
Yes, once you choose either the ppm or the apportionment basis, you have to stick with it until you change your vehicle.0
-
Faerie9
Thanks. Glad to know I wasn't dreaming.0 -
You weren't - but don't ask me to find the chapter and verse, as I haven't a clue!:001_tt2:0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 325 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 202 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 583 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership