SELF-EMPLOYED MOTOR EXPENSES EXPLAINED!

preview_player
Показать описание
Self employed and wondering what motor expenses you can offset against your tax? In this video Dan talks about what you can claim for.

Topics include:

Car expenses uk
Self employed van expenses
Self employed travel expenses
Vehicle expenses
Tax deductible car expenses
What you can claim for tax self employed
What counts as business travel
Base of operations
Self employed expenses uk
Tax claim expenses

… and more!

If you have any questions on this, please comment below.



You can see more about what we get up to on the following:

#accounting #taxreturn #tax #selfemployed
Рекомендации по теме
Комментарии
Автор

It's been 45p per mile for over 20 years, fuel and insurance costs have risen exponentially in that time. Why has this not been increased to reflect actual current costs?

jobelaw
Автор

Hi Dan, seems I’m sole trader gardener and have some regular clients, so e.g my regular Tuesday job mileage is not deductible, like the doctor’s regular visits to the hospital from the video? However one off jobs are? This is how I’ve filed my claim to date. Really enjoy your vids.

noahbarton
Автор

Hi Dan so this is something completely separate but just thought I’d comment on your most recent video, this one seems to be an absolute nightmare for YouTubers the world over and it’s withholding tax - so I’m a YouTuber and when I received my first Adsense payment I was hit with £114 withholding tax (see: Chapter 3 withholding under sections 1441-1443 generally applies a 30% statutory rate of withholding to payments of FDAP income or gains from U.S. sources but only if they are not effectively connected with a U.S. trade or business made to a payee that is a foreign person.)

But I had completed the W8 Ben which meant the U.K. tax treaty for 0% should be working but wasn’t.

On a side not I completed that W8 Ben as an individual as my YouTube account is an individual one not company but I’m thinking maybe I should have done the entity as I’ve setup a limited company for all of my YouTube income. So I was wondering if you could perhaps make a video on how to fill in that form whether individual or company, maybe shed some light on why i STILL got hit even though did the form! And also when should fill as individual and when as a company. Thanks for all the videos you do!

epicchess
Автор

I don’t suppose anyone has made a calculator to work out what is better.

Self employed sole trader vat registered £23k income used 100% electric car. 40k miles a year just for business. £900 insurance and approx £1000 maintenance. Will purchase the car through HP over 4 years but expect to keep only a year or two due to the mileage.

Any advise would be appreciated.

aahleymaesepp-euwk
Автор

Great video but am still confused.
Anyone help pls.
I am a car delivery driver....
1. Go to dealer garage to pick up car.
2. Go to customer to pick up car
3. Return car to depot from customer
4. Drive home
5. Get someone to pick me up in my car and then drive home
6. Get train home or to client. (Train ticket or add mileage)
Which of the above can I actually claim for as mileage.
Hope this makes sense

user..Aa..Bb..
Автор

Hi, great videos 👍
My question is how much of a purchase of a work vehicle can I put against tax as a sole trader

imanskid
Автор

Please tell me. I'm a carer and I travel to the same clients every day is that a commute or tax deductible Please. Thank you.

JanaRothe-yvbc
Автор

Hi Dan, recently found your channel as about too go self employed and your videos are top notch and informative. Im mainly going to be working for one client who are going to be paying me a mileage allowance. Can I then still claim a mileage allowance on my tax?

Keep up the great work

tombaker
Автор

Thanks for this very useful. Im looking at potentially buying an EV second hand. Majority of my work is online, but i do use my car to nip out posting, collecting inventory etc. I would only say around 10% business use. Would this still be something worth claiming back?

lukecoe
Автор

Hi, a really useful video. The one grey area though for me is if you are a van driver can you claim mileage from the last delivery point to home or not?

adamsherratt
Автор

Hi Dan, Please do you have video on limited company as well?

Issada
Автор

Hi im self employed courier driver, but i lease the van from the company i work for at a cost of £250 per week. Can i claim that against my taxes for the year?

yoyoyo
Автор

What if my milage works out more than my tax I've paid that year?

BradN-efik
Автор

Very sorry disturb you. I have doubt can I add mileage and MOT and service in my self employed

JacobVincent-ik
Автор

Brought a van for work was self employed for about 3 months as got offered a decent paid job on the books how much of the van can I claim back as it was my first vehicle

liamdevine
Автор

What if the vehicle was bought (a van) years before going self employed and i chose the actual method. I guess the vehicle value is set at the market value at the time of going self employed ? Can i claim the value back over a number of years as opposed to year 1 ?

ZXspectrum..
Автор

What if you lease a car and make monthly payments, what are you allowed to claim?

GKTonic
Автор

I think it's unfair to only allow 24p per mile for scooter delivery, insurance is £1000 and uninsured bycycle is 20p per mile. No information about capital alowence for electric scooters zero emmision. Hmrc just say car

sgsuper
Автор

Quick question, my fiance is about to become self employed but doesn't drive. I drive her to the majority of places away from her base of operations (home) therefore can she claim mileage on my car at 45p? if not what can she claim, fuel?

qualitymountainday
Автор

When claiming for mileage as well as keeping a log of miles done, would HMRC ask for more evidence. I’ve done around 12, 000 miles in my car and around 3000 miles using the wife’s car, can I put both values in as it was for business purposes

Stoicology_official
visit shbcf.ru