self employed car question

ianbar0

hello, a couple o f years ago just before covid I started a little baking business. I have dropped hours at my "day job" in retail and still do 2 days a week there...anyway not really relevant! so when I have done my tax its been self assessment. I obvs claim my millage currently which is actually quite high at around 10000 a year. how would I do about get a car/van etc and putting it through the business?

Marcon

ianbar0 said:

hello, a couple o f years ago just before covid I started a little baking business. I have dropped hours at my "day job" in retail and still do 2 days a week there...anyway not really relevant! so when I have done my tax its been self assessment. I obvs claim my millage currently which is actually quite high at around 10000 a year. how would I do about get a car/van etc and putting it through the business?

See https://www.gov.uk/expenses-if-youre-self-employed/travel (but you'd do well to have a word with an accountant to ensure you do things correctly and in the best possible way for you and your business).