As a self-employed person or a company, you are required by HMRC to keep accurate mileage records of all your expenses as proof of the tax return.
HMRC can request any tax records from an individual up to 22 months after the end of the tax year, up to 5 years from the end of the tax year for the self-employed or partnerships, and up to 6 years from the end of the tax year for a company.
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January 17th, 2025
If you drive for business, understanding HMRC’s mileage rates is essential for claiming fuel and other expenses. These rates, known as Advisory Fuel Rates (AFRs), apply to company cars and vans.
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