LeeP Accountants Mileage Expense tip #3

Whether you don’t have a car, or are simply car sharing to travel for business, you can claim 5p/ mile as an allowable business expense to set off against your business profits thereby reducing your taxable profits and ultimately reduce your tax liability. It might not amount to much, but, in the words of the supermarket heavyweight Tesco –  every little helps!

LeeP Accountants

Helping you keep more of your money