4 Ways to Claim More Travel Expenses (Trains, car, flights, hotels)

If you travel on official business on a regular basis, you are entitled to a compensation entitled to travel and accommodation costs. You might be self-employed, and if you are eligible, you can take advantage of your travel expenses when filing self-employed tax return online and enjoy some big claims for the tax deduction. Work-related travel expenses pertain to everything related to work-related travel expenses and based on your circumstances, one can claim the costs of transport and other incidentals. Get in touch with Luton tax return online expert who can help you do the necessary documentation.

Self employed tax return

What you need to know

HM Revenue and Customs rules state that any expenses made for the purposes of your business can be claimed. For travel expenses, the allowances are made to cover running costs of the vehicle and expenses for the fuel.

• ·  You can claim travel expenses for traveling to a temporary place of work, claim for breakdown cover, and claim for parking fees. However, you cannot claim for travel between your home and your place of work, or non-business related travel costs or claim for fines.
• ·   The travel-related items that make for claiming business travel expenses include train, bus, air and taxi fares, hire charges, train, meals on overnight trips and hotel rooms.
• ·    For those within IR35 travel expenses, they can make the claims depending on the circumstances.



Luton tax return online

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How to make the claims for Travel Expenses

• ·  The first step is to keep a careful record of all business costs and document them so as to provide proof of those expenses.
• ·  Get in touch with Luton tax return online accountant and explore HMRC to see how many claims you can make per mile. The final values will depend on how many miles one has traveled and if they have traveled in their private car or the company vehicle.

Self assessment tax return

• ·  Go through your Self-Assessment tax return if you are working as a Sole Trader. However, one may be able to reclaim a certain amount of expenses as an umbrella employee. As a Sole Trader or a Director, one does not need to offer proof of expenses, but they should still have a record in case HMRC asks for it.
• ·  Check the rules for taxes every year when filling self-employed tax returns. The information is readily available online with HMRC.
•    Get help if you are not very sure of your situation as these experts carry the financial knowledge and the experience to help you put your best foot forward in the world of taxes.