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Previously on "Quick question re business miles and tax year"
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Originally posted by DannyF1966 View PostOk, so the business mile rate decreases once you've done 10,000 miles in a tax year, but is that tax year April to April or is it your own company's tax year?
I set up my company in August and I've done about 2500 business miles so far, but looking at a new contract further away which will bump up the miles. Does the clock reset on April 6th or does it vary from ltd to ltd?
Cheers!
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Open google. 5.3 seconds later..
mileage allowance reset every 6 April | AccountingWEB
And a bit of light reading..
http://www.freeagent.com/support/kb/...-basis-periodsLast edited by northernladuk; 17 March 2015, 11:00.
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Quick question re business miles and tax year
Ok, so the business mile rate decreases once you've done 10,000 miles in a tax year, but is that tax year April to April or is it your own company's tax year?
I set up my company in August and I've done about 2500 business miles so far, but looking at a new contract further away which will bump up the miles. Does the clock reset on April 6th or does it vary from ltd to ltd?
Cheers!Tags: None
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