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How do I claim expenses if I use a car in my business?

There are lots of reasons why you might need to use a car in your business, from attending client meetings to making site visits. The rules for claiming vehicle expenses if you’re self-employed depend on the type of business that you operate.

Tax relief for sole trader and partners using a vehicle for business

If you’re a sole trader or in a partnership, you can use your own personal car within the business, and claim tax relief according to the proportion that use the car for business.

Claiming vehicle expenses when you own a limited company

If you have a limited company then there are actually two ways to claim for using a car or other vehicle in your business. The company can purchase the car, and then claim the actual cost and running expenses. Just remember that unless the vehicle is used solely for business purposes, Benefit in Kind (BiK) rules will apply! Or, you own the car personally, and charge your company for mileage.

Watch our video guide to learn more about claiming tax relief on vehicle expenses in your business, or chat to one of the team about our online accounting services.

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