Do you frequently travel to client locations? If so, are you currently taking advantage of mileage allowances? Mileage allowances are a qualifying business expense, providing you with tax-free reimbursements and lowering your business’s taxable income.

This tax advantage benefits all business owners, including self-employed individuals. In this article, we’ll cover the basics of mileage allowances, including the allowable limits set by the UK Government and how you can maximize compliance with reporting requirements.