Taxman to demystify car expenses for freelancers

The importance of transport costs to freelancers and the self-employed has been further highlighted by a new webinar from the taxman.

On July 18th and 27th, HMRC will run a live webinar dedicated to car expenses and how independent workers can go about submitting them for deductions.

How to use the simplified expenses method for such expenditure will be outlined at both of the one-hour webinars, which start at 1300 and midday respectively.

The alternative system for expensing car costs -- namely by totting up the actual expenditure incurred -- will also be explained in the webinars, as will the ‘ins and outs’ of leasing a car.

Other HMRC webinars for self-employed people in July include one on record-keeping; two on completing an online tax return and one on using the simpler ‘cash basis’ tax scheme.

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