sambo
Well-known member
- Messages
- 126
Have been looking tonight at the various tax options etc and thought the HMRCs Simplified Expenses was quite an attractive option and wondered what everyone else's thoughts were?
If I drove say 10,000 business miles I could off set £4500 against my tax liability
If I claimed old school it would be say
£2000 fuel
£400 insurance
£500 Servicing/Breakdowns etc
£250 Tax
£3150 Total
Am I missing something here?
If I drove say 10,000 business miles I could off set £4500 against my tax liability
If I claimed old school it would be say
£2000 fuel
£400 insurance
£500 Servicing/Breakdowns etc
£250 Tax
£3150 Total
Am I missing something here?