Sub Contracting - Calculating Travel expenses

[claret73]

Hi
I'm subbing to a contractor & they've agreed a travel rate for using my own car to get to site & back...
Should I be deducting my 20% off my fuel expenses when I invoice or put in the full amount? They're paying 20p per mile...

What's the deal with everybody else?

 

[keith915]

Fuel is taxed enough already! deduct 20% from labour costs then add full mileage I'd say.

 

[johnboy6083]

give them all of your miles, and tell them that that is your complete business mileage. if they are paying you mileage though, you cant then claim that back on your tax return, as in theory you have not had any fuel expense,

 

[telectrix]

tight fisted buggers. HMRC recognise 40p /mile is reasonable. claim the full amount and note your mileage for when you send in your tax return.

 

[claret73]

Thanks Guys! That's what I've been doing. Putting in Labour at -20% & travel at full price. I mean, if it costs me £10 per week & I'm only getting £8 back, it doesn't take Carol Vorderman to add that one up! There'll be an Invoice query in the morning then...
Appreciate all the help!