If you use more than one of your vehicles for business, you don’t have to use the flat-rate mileage allowance option in all cases, you could claim the actual cost for some, and mileage allowance for others. However, once you start using the flat rate mileage allowance option for a v...
You can claim the electricity and fuel you use during business trips as part of your mileage allowance when using a company car. Remember to keep records of your business travel to support your claim. If your employer reimburses some of your costs, you can still claim tax relief for the ...
Mileage allowance As a self-employed person, you can add up all your motor expenses for the year and work out the separate business element of the total cost. However, keeping track and working this out takes time and effort. Instead,you can claim mileage allowance, a simplified expense that...
In the case of a startup,pre-trading expensesfor the previous 3 years can be claimed against your first return. Revenue details the type of expenses allowable. These include accountancy fees, advertising costs, costs incurred in carrying out feasibility studies, and preparation of a business plan...