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Oor Nicola Sturgeon thread.


Pearbuyerbell

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8 hours ago, Wee Bully said:

 


I’m sure you know this, as you are in business, but you can’t claim VAT back at 40p a mile. You are entitled to 1/6th of the fuel element of the 40p, which (depending on size of engine and fuel type) will be somewhere between 12p and 18p. So, 2p or 3p a mile.

 

40p per mile on my car. I claim vat back at 11p. Brilliant. No thanks to the gruesome twosome

Vat Rate Exp Inc VAT Exp Exc VAT Actual VAT Claim
0.11 23.65 19.70833 3.941667
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 23.65 19.70833 3.941667
0.11 23.65 19.70833 3.941667
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 23.65 19.70833 3.941667
0.11 23.65 19.70833 3.941667
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 23.65 19.70833 3.941667
0.11 23.65 19.70833 3.941667
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 23.65 19.70833 3.941667
0.11 0 0 0
0.11 0 0 0
0.11 0 0 0
0.11 0 0 0
0.11 0 0 0
0.11 0 0 0
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
     

39.45333

Thats over £400 per year to me.

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3 hours ago, new kyd in town said:

40p per mile on my car. I claim vat back at 11p. Brilliant. No thanks to the gruesome twosome

Vat Rate Exp Inc VAT Exp Exc VAT Actual VAT Claim
0.11 23.65 19.70833 3.941667
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 23.65 19.70833 3.941667
0.11 23.65 19.70833 3.941667
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 23.65 19.70833 3.941667
0.11 23.65 19.70833 3.941667
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 23.65 19.70833 3.941667
0.11 23.65 19.70833 3.941667
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 3.96 3.3 0.66
0.11 23.65 19.70833 3.941667
0.11 0 0 0
0.11 0 0 0
0.11 0 0 0
0.11 0 0 0
0.11 0 0 0
0.11 0 0 0
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
     

39.45333

Thats over £400 per year to me.

Sorry Champ - that's wrong.  Let's hope you don't get a visit from HMRC.  The reality is that you should only be getting around £100 - 150 a year.

I'm sure it was an honest mistake, but now I've told you, continuing to claim at the incorrect rate could be seen as being fraudulent. 

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29 minutes ago, Wee Bully said:

Sorry Champ - that's wrong.  Let's hope you don't get a visit from HMRC.  The reality is that you should only be getting around £100 - 150 a year.

I'm sure it was an honest mistake, but now I've told you, continuing to claim at the incorrect rate could be seen as being fraudulent. 

 

I'll tell my accountant.:thumsup2 Of course I claim it back monthly so the HMRC know and are happy to cough up.

Edited by new kyd in town
more info to add
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39 minutes ago, new kyd in town said:

I'll tell my accountant.:thumsup2 Of course I claim it back monthly so the HMRC know and are happy to cough up.

They only know if you have had an inspection.  Otherwise you just submit the high level numbers, and it doesn't show.

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