Transcribed
5 Steps to Claiming Mileage From HMRC
Have All Documents Ready ● Mileage logbook for the year Mileage Allowance Payments records 5 Steps to Claiming Mileage From HMRC Â driversnote Approved Mileage Rates 45p for the first 10,000 miles . 25p for all miles after for cars and vans • 24p per mile for motorcycles • 20p per mile for bicycles î ON % ✓ 2 7 с 3 69 500 8 X O // Calculate Your Deduction Multiply your business miles by the mileage rate • Subtract any mileage allowance payments Mileage tracking made easy ^ Claim Mileage From HMRC • As self - employed , use Self Assessment • As an employee , use form P87 ^ Keep Your Records Keep your records after submitting your tax return in case of audits . A
5 Steps to Claiming Mileage From HMRC
shared by alexanderalexander12 on Mar 23
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This simple, but informative infographic is designed to convey just how easy it can be to claim mileage relief from the UK tax authority HMRC. We know the process of claiming mileage reimbursement can...
be grueling for some, and we aim to remedy that.
HMRC mileage claim rules allow you to claim expenses connected with driving your personal vehicle for business purposes. Also known as Mileage Allowance Relief (MAR), HMRC mileage claims help reduce your tax obligations.
If you travel for business with your vehicle, be it a car, van, motorcycle or bicycle, you can claim tax relief based on the approved HMRC mileage rates for the specific vehicle for that year.
Source
https://www....elief-hmrcCategory
EconomyGet a Quote
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