Travel exemptions

There are a few claims you cannot make for example you cannot claim for non business travel, fines so parking or speeding and travel between work and home. These do not count as business expenses and will have to be paid by you.

Travel costs

For travel costs you can claim different expenses on how you travel. If you use your own car you can claim vehicle insurance, repairs, parking and fuel (only business usage).Other claims can include vehicle license fees, breakdown cover, hotel rooms, meals on overnight business trips and train, bus, air or taxi fares.

Capital allowances

Capital allowances are claims on your tax return that will have a shelf life of 2 or more years and cannot be sold on as stock. these usually refer to:

• Vehicles used for work
• Machinery
• Tools