im unsure about this because ive always owned vans. ive just bought a second vehicle so my car is solely for the business. am i still limited to 60 % of the running costs because its not a van or can i claim more.
hi mick, I think this depends if you are sole trader or limited mate and also if you used personal/company funds to purchase/hire. I went on a "newly self-employed training day" a few years back and fair play it was good. They said if you use a car/van just keep a pocket notebook on the dash and enter mileage start/end of day and if it was personal/business. Works quite well! Even if you are happy with doing own accounts/SA etc, its worth going on one (they are free) because the advisors know this stuff like the back of their hand and can advise you on what options there are.
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