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motor expenses / mileage

  • 26-11-2008 11:34am
    #1
    matrixroyal
    Registered Users, Registered Users 2 Posts: 123 ✭✭


    Hi,
    Just wondering if anyone can clear this up for me.

    How should a self employed person ( sole trader ) claim for motor expenses.

    I have had conflicting opinions from 2 accountants.

    One said, keep a detailed log of mileage including trip details, client details, meeting durations and meeting descriptions. Then the total miles would be multiplied by some set rate ( civil servants mileage rate ? ) and totalled.

    Another accountant told me that to keep records of petrol purchases and then divide them up ( social use of the car versus business use ) based on estimates of mileage.


    Same argument applies for subsistence.


    Anybody shed any light on this ?

    thanks,


Comments

  • #2
    Mr Clonfadda
    Registered Users, Registered Users 2 Posts: 372 ✭✭Mr Clonfadda


    Hi Matrixroyal

    as far as i'm concerned second opinion is right for sole trader first one would be right for company


  • #3
    Kanchelskis
    Closed Accounts Posts: 40 ✭Kanchelskis


    Nigel Sage wrote: »
    Hi Matrixroyal

    as far as i'm concerned second opinion is right for sole trader first one would be right for company


    Nigel is correct.


  • #4
    beka
    Registered Users, Registered Users 2 Posts: 10 ✭beka


    matrixroyal wrote: »
    Same argument applies for subsistence.thanks,


    As a self employed person you are not entitled to subsistance. Employees and directors of companies can claim subsistance.


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