ADDITIONAL £1,000 TAX FREE allowance from April 26

For anyone who missed it yesterday, the mileage rate that you can claim just increased from 45p to 55p per mile

So that’s an additional £1,000 you can claim back tax free, and £5,500 per year if you are doing 10,000 business miles

So make sure you are logging your miles and claiming this back (travel to viewings, networking, client meetings all count)

It’s one of the easiest ways you can take money out of your business tax free if you keep records of it

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