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Directors personal car and business mileage

10/01/2018 14:46:17
If a director uses his personal car for the business and claims business mileage, does this goes on his tax return? Or just in company's p&l under allowable travel expenses?

This message was edited 1 time. Last update was at 10/01/2018 15:13:12

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Your 2016/17 Tax Return

10/01/2018 15:08:33
Hi there. Depending on the circumstances. If someone were to receive a benefit from their company to cover travel costs this amount would be taxable and would therefore be submitted on the tax return under benefits from said employer. On the other hand if nothing or only part of their mileage is covered by their employer they can claim all of or the remainder of the expenses under the expenses section of the employment.

More information can be found here: https://www.gov.uk/expenses-and-benefits-business-travel-mileage

This message was edited 1 time. Last update was at 10/01/2018 15:11:59

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