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If you use your personal car for work-related journeys, you can claim tax back on your mileage using the current HMRC mileage rate. Here’s a look at the mileage rates for 2018 and a rundown of how to use them to calculate your business mileage deduction.

If you are required to use your own vehicle for work, you may be able to claim Mileage Allowance Relief from HMRC based on the number of business miles you travel.This tax relief could be worth up to 45p for every mile you have traveled since April 2014!

UK taxpayers can claim up to 45p per work mile travelled using HMRC Mileage Relief. Apply online to backdate your claim as far as April 2011.

Below are the HMRC approved mileage allowance rates which apply from April 2011 onwards.

Expenses and benefits: business travel mileage for employees' own vehicles

The attached document is classified by HM Revenue and Customs as guidance and contains information about rates and allowances for travel including mileage and fuel allowances.

Since your employer has already reimbursed you at a rate of 10p per mile, you can only claim 45p less 10p, so 35p per mile. To find your tax-deductible business mileage costs, you’d multiply 9,000 miles by 35p, which would give you £3,150.

How much tax relief could I claim? You can calculate your possible Mileage Allowance Relief by multiplying the amount of miles you traveled on business mileage by HMRC’s Approved Rates like the example below.

HMRC’s rate includes an estimate for both the fixed (insurance, road tax etc.) and the variable (wear and tear) costs of running a car. After 10,000 miles, HMRC consider you reimbursed for the fixed costs, hence why there is a lower rate for miles claimed thereafter.

Tripcatcher Individual. Tripcatcher Individual is for you, the freelancer, the director, or contractor - if you drive your own car for business and claim the HMRC Mileage Allowance Payments.Tripcatcher's easy-to-use features help you capture your business mileage, allowing you to feel more in control.

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