Tag: expenses

How much can you claim per mile?

How much can I claim per mile? HM Revenue and Customs sets the mileage rate for claiming business use of a personal vehicle on a tax return. The current rate for 2021-2022 is 45 pence per mile for the first 10,000 miles and 25 pence per mile for any additional miles. The rate applies to…

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Motor expense guide for the self-employed

What are allowable expenses? If you’re travelling exclusively for business purposes, you can claim your motor expenses as “allowable expenses”. Although it doesn’t include if: You travel between just your home and your permanent workplace Private travel How do you calculate your motor expenses? If you don’t have receipts for all your travel, then you…

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