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  • Writer's pictureJohn Massey

How to claim motor expenses if you're self-employed ๐Ÿš—

Updated: Dec 6, 2022

Should you claim actual motoring costs (fuel, insurance, repairs etc) or claim the 45p mileage rate against your self-employed profits? As a general rule of thumb: Van drivers are better off claiming for actual costs. If however, you use your family car for some business use, you're probably better off claiming mileage ๐Ÿ‘


HMRC's 2 min. video summaries this nicely:

Mileage claims


Currently, HMRC allows a claim of 45p per business mile as long as your business journeys are recorded via a mileage log (the rate falls to 25p per mile after the first 10,000 miles).


Importantly your mileage log should include: Date, start-point, destination, the purpose of the journey and the number of miles travelled. Like all business records, these should be kept for a minimum of 6 years + the current tax year.


Our recommended bookkeeping apps both include mileage tracking features:

Or infrequent business travellers might find it easier to download and use our simple Excel-based template.

Mileage Log by MAC
.xlsx
Download XLSX โ€ข 152KB

Would you like help to pay less tax? Feel free to get in touch or check out our related posts ๐Ÿ‘‡

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