Claiming Mileage Allowance? The new tax year has started.
April 9, 2014
The 14-15 Tax year started on Sunday April 6th and if you are claiming mileage allowance you may need to re-set the rate you claim.
As mentioned in our previous blog back in March many of our contractors claim a mileage allowance for driving to and from their temporary place of work or as part of their overall journey. When we start a new tax year the rate that you can claim ‘re-sets’ at 45p per mile on your first 10,000 miles in a tax year.
If you exceeded 10,000 miles last tax year and had to reduce your claim to 25p per mile don’t forget to now increase this back to 45p for your first 10,000 miles in the 2014 -2015 tax year which started on Sunday April 6th 2014.
For further information on claiming expenses as contractor or freelancer please
call us on 0203 713 4530 or email firstname.lastname@example.org