Accountancy Services for Businesses, Sole Traders, Start Ups, Performers, Artists & Alternative Therapists
(01455) 619992

How a performer can claim for using their car for business

Sasha Owen
Accounting, Tax

Motoring costs

One option to claim business motoring costs is to adopt the same approach as if you were an employee using your personal car for work purposes. This would mean keeping a note of the business mileage in your diary and then claiming 45p per mile for the first 10,000 business miles and 25p a mile after in each tax year to 5th of April.

The other option is to put your car and all its costs such as fuel, insurance, road fund licence and repairs through the accounts. The car would attract “capital allowances” which is a % of the purchase price and the rate depends on the exact make and model of car and its emissions.

You still need to keep diary to identify the mileage that is business as opposed to private, so, if you drive 10,000 miles a year in your car you need to keep your diary  to show the business miles. If this was 6000 miles per year then you then you be able to claim 60% of the capital allowances and running costs of the car

Either way is acceptable and we can help you work out which is best for you as each case is individual

business use of car, motor expenses, self assessment, self employed, Tax

Share This Post

Disclaimer

All content and information on this website is for information purposes only, and it does not constitute accounting advice and does not establish any kind of accounting-client relationship by your use of this website. An accounting-client relationship with you is only formed after we have expressly entered into a written agreement with you that you have signed including our fee structure and other terms to represent you in a specific matter. Although we strive to provide accurate general information, the information presented here is not a substitute for any kind of professional advice, and you should not rely solely on this information. Always consult a professional in the area for your particular needs and circumstances prior to making any professional, legal, accounting and financial or tax related decisions.

Red Tulips Chartered Accountants do not take any responsibility for links used within this website for external internet sites. We will not accept any responsibility for any information contained on those external sites or viruses arising from any link to a third party website. 

Sasha Owen
Sasha Owen BSc FCA qualified as a Chartered Accountant in 1983 and has been in practice as an accountant since 1987. If you think Sasha has the conventional image of an accountant then you couldn’t be further from reality. Sasha is a Reiki Master, loves the arts, music and theatre; having been on stage herself and worked backstage she really does have a deep understanding and love for the arts and alternative therapy world.

Related Posts

Why choose a Chartered Accountant ?

person
Sasha Owen
5 Reasons to use a Chartered Accountant Before choosing your accountant Unless a member of the ICAEW ( Institute of Chartered Accountants) or qualified with another professional body, anyone can call themselves an accountant, even if they have no professional…
READ MORE
keyboard_arrow_up