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Posted Sat, 17 May 2025 09:45:17 GMT by ks236 saunders
I bought a new (2nd hand) van last tax year, so my expenses are over double the usual amount. surely it would be better to show this in a breakdown rather than just show the amount of expense in one amount? Oddly though, on googling this, I found a thread which stated hmrc are more likely to make an enquiry if you do show a breakdown. This is the opposite of what I'd have thought, as you are being more open and showing expenses in detail. Any advise much appreciated
Posted Mon, 19 May 2025 16:36:15 GMT by Clive Smaldon
Not HMRC...this isnt an expense, its capital allowances, it doesnt go anywhere near your expenses, but on the capital alowance pages, and you need to make a decision how much to claim in year one https://www.gov.uk/capital-allowances
Posted Tue, 20 May 2025 16:18:49 GMT by ks236 saunders
Ah ok, I'll claim the whole in one go as it wasnt an expensive van. I presume its ok to do this using cash basis as well as the other option? My first banger work van I didnt bother to claim for as my earnings were so low for several years,
Posted Tue, 20 May 2025 19:20:44 GMT by Clive Smaldon
Ah, had assumed accounting basis, cash basis is different, you wouldnt separate the spending as capital allowances dont factor.
Posted Wed, 21 May 2025 06:05:48 GMT by HMRC Admin 25 Response
Hi ks236 saunders,
How you report your expenses is up to you if your turnover is below the VAT threshold.
Thank you. 
 
Posted Wed, 21 May 2025 17:23:32 GMT by ks236 saunders
Ah excellent, many thanks for replies

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