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Motoring Expenses - Sole Trader - Allowable tax and VAT returns..

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  • 15-02-2023 10:02pm
    #1
    condra
    Registered Users Posts: 3,849 ✭✭✭


    Hi all.

    I recently discovered that as a sole trader, I cannot reclaim VAT on petrol expenses, as opposed to diesel.

    I'm wondering if there are other motoring expenses where VAT cannot be reclaimed, or indeed if they can be claimed as an expense in the first place, with regard to tax.

    For example, car insurance, tolls (deemed unneccessary?), maintenance, etc.

    Currently, when doing my VAT returns, I'm reclaiming the 23% VAT on all motoring expenses (except petrol) after making a deduction to account for the roughly 25% of use which would be personal rather than business.

    Thanks for any help with this.

    Tagged:


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    #2
    walterking
    Registered Users Posts: 1,297 ✭✭✭walterking


    You can't claim 23% when 13.5% is charged.(repairs)

    You also can't claim 23% when 0% is charged (insurance)


    You also might not be able to claim anything as it depends on how you account for the car itself.


    You are probably better off claiming mileage on a personal basis.


    Talk to an accountant. It will save you a lot of money



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    #3
    Allinall
    Registered Users Posts: 6,568 ✭✭✭Allinall


    You can't claim VAT on petrol.



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