PPRuNe Forums - View Single Post - self employment, tax and millage allowance?
Old 24th May 2010, 15:19
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IO540
 
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See a competent accountant.

You can claim a business-mileage-pro-rated portion of your total operating cost of the car.

The nationally agreed mileage rate keeps it off the HMRC horizon, but the above general principle still applies. Same for business mileage in a privately owned aircraft...

BIK applies only to assets owned by a limited company, to which somebody in the company has access for private use.
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