It's essential to be aware of the various tax deductions available to you. You have most likely missed out on a tax deduction if you have used your own car for work-related driving.
When it comes to work-related driving or transport expenses, the UK tax system allows individuals to claim tax relief on certain costs incurred during their employment. The primary purpose of these deductions is to alleviate the financial burden associated with using your personal vehicle for work-related activities.
Eligibility criteria for claiming tax deductions
To qualify for tax deductions related to work-related driving or transport, you must meet specific criteria set by HMRC.
Here are some key considerations:
1. Exclusive use:
The expenses you wish to claim must be solely for work-related purposes. You cannot claim deductions for personal journeys or commuting to and from your regular place of work.
2. Documentation:
It is crucial to maintain accurate records and documentation to support your claims. This includes keeping track of mileage, fuel receipts, parking tickets, and any other relevant expenditure incurred during work-related travel.
3. Employer agreement:
It is advisable to have an agreement with your employer regarding the reimbursement or provision of travel expenses. While this is not mandatory for claiming tax deductions, it can provide clarity and avoid potential discrepancies.
If you frequently use your personal vehicle or public transport for work-related purposes, it's worth exploring the tax deductions available to you.
Remember to consult HMRC guidelines or seek professional advice to ensure you navigate the process correctly and benefit from the available tax deductions.
In TaxHelper, we help you find the tax refunds you are entitled to. You just answer simple questions that only take 15 min. to go through.
Afterwards, we report the tax refunds and you get an extra £308 paid out on average. And you only pay if you get a tax refund.
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