How to Claim Your Expenses?

Taxes

Time to close your return approach, and you do not even know how to deduct your auto expenses? Here is a small summary of the three options available to you.

You've probably received your pre-filled tax return form 2012. The opportunity to recall that, deduct your business expenses, you have three options

1.The allowance of 10% enjoyed by default all employees, with a minimum of € 421 and a maximum of € 12,000 per taxpayer.

2.The kilometric scale, which takes into account a flat rate, depending on the fiscal power and mileage, vehicle depreciation, fuel costs, insurance, maintenance ... You will find a summary table of the scale in the instructions enclosed with your return: count, for example, € 2,025 to 5,000 kilometers with a Citroen DS3 VTi 82 (4 HP), or € 9,900 for 25,000 km with a BMW 318d (7 HP) . Note that not revalued since 2011, the deduction is now moving more than 7 CV. We must of course avoid all personal travel and be able to demonstrate on request of the administration purely professional nature paths selected with constraints, such as a maximum of 80 km round trip to commute.

3.The actual costs, which require to keep all receipts for fuel costs and tolls, but also maintenance, insurance, credit, parking ... The rule for determining the share of business trips only is required, but it must, in addition, apply the percentage obtained for all expenditure items, even those that do not depend on the mileage. Furthermore, this solution does not take into account the depreciation of the vehicle, which may limit its interest with a "big" bought new car. In summary, there are many constraints, the provisions may be subject to interpretation, and controls common: this formula is reserved for those who take the daily perfectly detailed accounting ... Otherwise, beware of adjustments!