Yes, self-employed and sole traders can claim mileage expenses. HMRC acknowledges mileage expenses are a common cost in business. They offer two options to make such a claim. The flat-rate scheme simplifies the process for some. For others, the best way is to claim the actual vehicle expens...
A quick recap on what you need to do So, to recap, the things to do when you realise you are a home worker or are about to be one are: Register with HMRC as self employed. Decide which method of record keeping you are going to adopt. Get out there and make money!
For the self-employed receiving cryptocurrency as payment, report it as self-employment income. Maintain records of all transactions and their value in pounds at the time of receipt. Tax Return: Include details in your Self Assessment tax return. Deduct business-related expenses, but keep thorough...
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