How To Claim Back Your Business Motor Expenses

How To Claim Back Your Business Motor Expenses

Business Advice, Tax
Motor Expenses And Mileage. If you are a sole trader or in a business partnership and use your car or van for your work, then there are two different methods you can use to claim mileage costs as an expense. Once you have chosen a method to use, you will have to continue using that method until you change your vehicle. It is best in your first year of trading to get your bookkeeper and accountant to look at both methods so you can see which is best for your business. Both methods require you to keep mileage records with the date of travel, purpose of journey, destination and mileage covered. There are a number of mileage apps available for Android and iPhone to help you record your mileage. For…
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