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Car Insurance for sole trader

Answer
CAD Freelancer MK
Posted Thu, 12 Sep 2024 11:21:14 GMT by CAD Freelancer MK
Simple question, (I think) I'm a sole trader who sometimes uses car for work meetings, as I mostly WFH. Can I claim the entire cost of my insurance as an expense? or just a proportion of it like other utilities?
Answer
HMRC Admin 32 Response
Posted Fri, 20 Sep 2024 15:34:13 GMT by HMRC Admin 32 Response
Hi,
It will just be the business portion that you can claim. If you are using simplied version and claiming it under the 45p per mile version then this covers your insurance and any other up keep of the vehicle.
Thank you.

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