I actually made 10 journeys last Thursday for votes between the Department for Transport offices and Parliament and I didn't claim for those."RULESThe cycling allowance does not cover the daily commute but MPs can claim the "approved mileage rate" for business journeys under tax rules.Ms Mac...
Some sole traders use their own car, van or motorbike, for which they can choose to calculate and claim actual expenses or use simplified expenses in the form of the mileage allowance. Your own vehicle may not be suitable for business or you might not even own one, so you need to buy ...
Tesla released its 2022 Impact Report in April, claiming that its batteries only lose about 12% capacity after 200,000 miles. The report used data collected on Model S and Model X battery retention over distance traveled. The company noted that mileage and battery age are major factors in bat...
basis, deduct an amount equal to either (1) the business standard mileage rate (at 28 cents per mile for all business miles for 1992) times the number of business miles traveled or (2) the actual costs (both operating and fixed) paid or incurred by the taxpayer allocable to business ...