Simplified expenses can be claimed for vehicles instead of claiming actual expenses subject to certain conditions. The calculator below will calculate the simplified expense for a vehicle based upon vehicle type and business mileage. Based on current rates for cars / vans / goods vehicles of 45p per mile for the first 10,000 miles then […]
Simplified Expenses
Running a Vehicle Instead of claiming the actual costs of the vehicle – which would be the purchase price, insurance, repairs, road tax, etc – you can instead claim a flat rate based on your business mileage. Once you start to use flat rates for a vehicle you must continue to do so for the […]
Vehicle Expenses
If you use a vehicle for your business, you can claim expenses based either on business mileage or on actual costs. In both cases, if the vehicle is used for both business & personal travel, you will need to track & log business mileage. Actual Costs When claiming actual expenses for vehicles there will many […]