You may be self-employed and use your own vehicle to drive far fewer miles for business reasons, but even so, you should still claim your mileage allowance. After all, as well as fuel costs, business journeys help to cause wear and tear that can lead to expensive maintenance and repair ...
Mileage Allowance Gets Mid-Year Boost. (cover story)The article reports on the changes implemented by the U.S. Internal Revenue Service (IRS) on the maximum travel allowance granted by employers to their employees starting July 1, 2011.
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 d...