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Posted Mon, 30 May 2022 18:29:15 GMT by Mxjay19
I've searched for this everywhere and can't get a straight answer.. E.g.. If I purchase a van on HP for £15,000 I pay a first payment of £300 then its £250 each month. I will own the van at the end. I use Cash Basis. I will be using milage method. No repairs, No tax, No Fuel etc... I understand. Is they only thing I can claim for this van the Interest I pay each month and the 45p/25p milage I do ? No AI and No Capital Allowance? Or can i... Claim £300 and the £250 I pay each month? Milage at £45p etc.. Please help thank you.
Posted Tue, 31 May 2022 11:23:49 GMT by HMRC Admin 17

Hi,
 
The mileage method covers all espenses related to your car/van so you cannot claim additional expenses for hire purchase .

Thank you.
Posted Thu, 23 Jun 2022 17:28:05 GMT by Mxjay19
Ok thank you. So if im on cash basis and put everything thru instead and its on finance can i claim: Each months interest payments Fuel MOT Parts etc..
Posted Mon, 27 Jun 2022 11:19:42 GMT by HMRC Admin 10
Hi
Please see guidance regarding Self Employed Expenses, you will find a list of items you can claim for:
Expenses if you're self-employed
Thankyou.
Regards.

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