Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
amap when both employed and self employed?
aurorahelios
Posts: 376
Forumite
in Cutting tax
I've worked as both self employed and employed this year with both incurring travelling expenses. My query is how does hmrc deal with the AMAP in this scenario. My understanding is that I actually get two sets of tax relief on the first 10000 miles @ 40p, one through my employment and one through my self employment. This does seem a bit too good to true though so I would be grateful if somebody could clarify the situation for me please.
0
Comments
-
Yes, you can claim 10,000 miles @ 40p for self-employment and 10,000 miles @ 40p for employment.
The only trouble is that you will struggle to find that in writing from HMRC.
However the same applies if you have 2 jobs and this is written down.
http://www.hmrc.gov.uk/manuals/eimanual/EIM31280.htm
You should also be aware that if you are self-employed you can also claim the business proportion of any interest paid on any car loan.
http://www.hmrc.gov.uk/manuals/bimmanual/BIM47701.htm
If you are employed, you cannot. http://www.hmrc.gov.uk/manuals/eimanual/EIM31335.htm0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179.1K Life & Family
- 264K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards