Quote:
Originally Posted by Flyboy
A self-employed person does not claim anything back, because they haven't paid anything to HMRC, before they calculate their taxable profit at the end of their accounting period. Any mileage allowances are added to expenditure, therefore reducing the taxable profits, I have not said that someone cannot use a mileage allowance. I think that you are the one who is confused and are trying to do a bit of wriggling.
As far as VAT is concerned, you may have noticed that I wrote "standard rate." So, no misunderstanding at all then, eh.
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Oh for pete's sake
You really are mandleson aren't you?
You are claiming expenses by claiming mileage, the tax man dictates what you are allowed to claim and what you can't (such as "entertainment").
Everyone I know of refers to it as claiming expenses back off the tax man, because you are, you declare your expenses to the tax man and he approves them or not.
That you don't actually hand all the money over then get it back is by the by.
You still don't seem to understand the bit about income tax being reduced when VAT went up.