Vehicle: Actual Expense or Mileage Expense Claim

Vehicle: Actual Expense or Mileage Expense Claim

How do we and recognise and claim vehicle expenses as a tax-deductible expense is a question I often get asked by sole-trader/self-employed clients. To respond, there are two ways, By claiming mileage expenses (i.e. adopting simplified expenses) or By claiming actual...

MTD for ITSA Delayed!

In a previous post published about MTD for ITSA, I talked about the next step in the digitalisation of the tax system being MTD for ITSA, and subsequently posted a few fact sheets about it. The previous post and fact sheets provided 6 April 2024 as the date MTD for...