Mileage (petrol expense and claims)

a there

Newbie Question

If i pay for £30 petrol and the allowance is £0.45 per mile then…

  1. How do I log the £30 spent?

  2. How do I claim it back?

a 1,2,3,4 etc of steps would be good as Im very very new at this.

Or do you log the £30 as directors loan and then pay yourself back? arrghhhhhhh

Have a look here:
http://help.quickfile.co.uk/main/1/business_mileage.htm

Also search for the term ‘mileage’ in the forum, it’s a subject that comes up frequently.

Yip I get that bit

So I dont log the origional £30 spent? Only the mileage at 45p per mile?

Im very new to this so bear with my sillyness

Also - this came from my own pocket and not the business account so how would i log for that?

@Joe any thoughts on this? @Adrian_Sadler I presume you’re a sole trader not a limited company?

This topic was automatically closed after 7 days. New replies are no longer allowed.