However, if you choose to claim vehicle expenses rather than mileage allowance, bear in mind that you would only be able to claim the percentage allocated to business use i.e. If your car usage is split 20% business and 80% personal use, you can only claim back 20% of the vehicle expenses as tax relief. If in doubt, contact us so we can advise you on the best method to use.
Want to know more?
If you need further information then call our tax consultants now on 0203 137 5773 for free consultation and advice on how we can help with your tax affairs.