Hi. I have a limited company and drive to my contracts in my own car. I therefore claim business mileage from my own Ltd company, and understand that it is 40p/mile for the first 10K miles and then 25p/mile thereafter. My question is from what date does the mileage counter reset? Is it:
1) From the day my Limited company was set up and I was it's only employee
2) From the first day I did business related mileage
3) From day 1 of my first contract
4) April 5th ie my personal tax year
1) From the day my Limited company was set up and I was it's only employee
2) From the first day I did business related mileage
3) From day 1 of my first contract
4) April 5th ie my personal tax year
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