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Posted Tue, 29 Mar 2022 14:34:26 GMT by Steve Walters
As a self employed person who does a lot of their work from home, and drives to client locations, I have for years used the simplified allowances set aside for use of energy at home, and mileage allowance for my vehicle costs. With the rising costs of petrol and the predicted £3,000 a year energy bills we may face, do HMRC plan to revise the current allowance figures to make them more realistic, as we are not allowed to swap from one form of calculation to another (in regards to cars for the lifetime of the vehicle I believe). With our household energy bills being around £1,000 currently, the allowance works out as being roughly correct, however if the prices do increase as predicted, the allowances equivalent value would have dropped massively.
Posted Wed, 30 Mar 2022 12:08:21 GMT by HMRC Admin 10

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