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Can someone explain claiming mileage to me please?

(5 Posts)

I know that you can claim 45p a mile.

Where do I log it? As a monthly expense? So say every month I do 500 miles. Do I do: 500 x 0.45=£225. Then add this to my monthly outgoings?


MelanieCheeks Thu 24-Oct-13 13:19:03

You claim it off your paying clients. Say you had to drive 50 miles to meetings with them, then you add 50x45p to the bill you submit to them, probably along with other incidental expenses.

kiriwAnyFuckerwa Thu 24-Oct-13 13:20:58

Do what Melanie says and also add to your overheads. Because it needs to be deducted off your income when it comes to doing your tax return

Thanks and then deduct it along with other expenses such as advertising, stationery,etc?

worldgonecrazy Thu 24-Oct-13 13:32:08

I charge it to clients and also keep a record of all the mileage that I do for my work purposes. There is a simpler system in place for sole traders, whereby we can just put in what we've earned, what we've spent and what mileage we've done.

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