Danger
If you document the use of a company car with a logbook, it is unfortunately not possible to switch to the flat-rate 1% method in the current year - or vice versa. The method you choose then remains binding for the entire year.
Legal requirements and what you need to consider
If you also use a company car for private europe rcs data purposes, it is important to carefully document each journey in order to properly tax the monetary benefit. Timely recording is essential: ideally, you should write down the details immediately after each journey or at the end of the day at the latest. This way, you can avoid errors and manipulation and always keep track of your journeys.
For each journey, the kilometres driven must be recorded in the logbook.
A logbook that complies with the requirements of the GoBD (Generally Accepted Accounting Principles) requires the documentation of the following information for business trips :
Date, time and mileage : Make note of these points at the beginning and end of each business trip.
Destination and purpose of the trip : Record where you went and why. If you took a detour, you should also record the route.
Business partners or customers : If you had a business meeting, you should note the name of the person in question.
For private journeys , it is sufficient to state the number of kilometres driven. Journeys between your home and work only require a brief note, as they occur regularly and no further details are necessary. By carefully documenting your journeys, you will not only satisfy the tax office, but you will also keep track of the use of your company car.