Free Business Mileage Tracker 2019 (Excel Version). Claiming for your business mileage against your taxes reduces your tax bill. Here’s a business mileage tracker to help you, along with some guidance on how to use it.
When you use your own vehicle for business reasons, you can claim a fixed rate per mile to cover the cost of you doing so.
This amount is tax deductible and will reduce your tax bill.
What Journeys Can You Claim For on the Mileage Tracker
You can claim for all the journeys that you undertake for business reasons.
That being said however you should note that your normal commute to work would not be tax allowable.
Read more: How to Claim Mileage Allowance When You’re Self-Employed
How Much Can You Claim for Business Mileage
HMRC sets out rates per mile you can claim for, according to how many miles you have done.
| First 10,000 Miles | Over 10,000 Miles | |
|---|---|---|
| Cars and vans | 45p | 25p |
| Motor cycles | 24p | 24p |
| Bicycles | 20p | 20p |
How to Use the Free Mileage Tracker (Excel Version)
Once you download the mileage tracker spreadsheet you’ll need to enter the following information for each journey you make:
- Date
- Client Name
- Destination
- Reason for Visit
- Distance in Miles
The mileage tracker will then calculate how much you can claim against your taxes automatically using a rate per mile of 45p.
45p is the maximum you are allowed to claim per mile, you can choose to claim less than this figure.
Download Free Business Mileage Tracker (Excel Version)
Anita is a Chartered Accountant with over a decade of experience taking self-employed business owners from financially confused to business savvy.
She is the creator of the ‘Go Self Employed’ website, which is her corner on the internet where she makes self-employment less terrifying.