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In the reply to Query T15,862, Taxation, 23 August 2001 at page 538 by 'Barham', I believe it is wrong in stating that the cost of the private use of fuel including VAT can be claimed in the accounts. In my book on VAT in the Tax Essentials series, due for publication on 17 September, I note that, in Notice 700/64, Customs say that the cost of the private fuel must not be borne by the business.
In the reply to Query T15 862 Taxation 23 August 2001 at page 538 by 'Barham' I believe it is wrong in stating that the cost of the private use of fuel including VAT can be claimed in the accounts. In my book on VAT in the Tax Essentials series due for publication on 17 September I note that in Notice 700/64 Customs say that the cost of the private fuel must not be borne by the business.
Moreover the reply complicates the calculation of the private VAT. Unless someone can point me to a ruling otherwise by Customs it is sufficient simply to record the business mileage and to claim the resulting percentage of total mileage. I also think that the reply risks suggesting that an estimate of the split will do. The point about recording the business...
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