Quick question re business miles and tax year

[DannyF1966]

Thanks, much appreciated!

[Craig at Nixon Williams]

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!

It resets on 6th April

[northernladuk]

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-periods

[DannyF1966]

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!