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How to claim for vehicle and travel expenses when you run a limited company

If you have a limited company there are two ways to work out how much tax relief you can claim on the costs of using a car or other vehicle in your business.

When the company owns the car

The company can purchase the car, and then claim tax relief on the actual costs and running expenses as long as the vehicle is only used for business purposes, otherwise Benefit in Kind (BiK) rules will apply.

When you own the car personally

The second method means you own the car personally, and then charge mileage to your company. This method is generally more tax efficient unless the vehicle has extremely low or zero emissions.

Watch our video for more information about claiming tax relief on the cost of using a vehicle in your limited company, or chat to the team about our online accounting services for limited companies.

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You will receive our bookkeeping software Pandle for free, as part of your package.

You can use this to complete your own bookkeeping, or we can provide a quote to complete your bookkeeping for you.

Please select and option below:

I will do my own bookkeeping
I want you to do my bookkeeping

Call us on 020 3355 4047 if you’re not sure.