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Posted Fri, 02 Jun 2023 10:50:33 GMT by Paul Lee
I m a self employed Driving instructor and last year my 13 yrs old vehicle broke down so I purchased a new dual control Electric car through PCP. I use 80% for business useage and 20% for personal My accountant has recently retired and I m getting mixed messages from different accountants on how to claim tax relief for 2022-23. Some say I can claim 100%(80%) under Plant and Machinery because it's fitted with dual control. Yet others say because I purchased it through PCP, it is count as leased so can only be claim as Expenses, £5000 deposit plus my monthly payments. I was wondering which is correct?
Posted Tue, 06 Jun 2023 15:14:56 GMT by HMRC Admin 19

It depends on whether you use cash basis or traditional accounting. You can see information here:

Expenses if you're self-employed

Thank you.

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