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balazs1csernus
Level 1

Can QB Sole Trader add the Business Miles to my TAX repoirt as deductable expenditure if I use the 0.45p/ mile simplified system?

I use the Auto Tracking feature of QB Sole Trader to log my business miles but whilst I see the total amount of miles logged for business mounting up as deductible expenditure none of the P&L reports include this figure nor does the TAX report, which supposedly nis HMRC compliant to report my income and expenditure. Does anyone know if the £0.45 x business mile figure is to be added manually as cost or if there is a way to make the software include it automatically in its TAX report to HMRC?

1 REPLY 1
Joemar_B
QuickBooks Team

Can QB Sole Trader add the Business Miles to my TAX repoirt as deductable expenditure if I use the 0.45p/ mile simplified system?

Hi, @balazs1csernus.

 

Yes, QB Sole Trader automatically adds business mileage to your tax report as deductible expenses at £0.45/mile when using simplified expenses. P&L doesn't include mileage data. However, it should be included in your tax report. 

 

Ensure that you accurately record all business-related mileage in QuickBooks (with dates, purpose of the trip, and miles traveled), only include legitimate business journeys (commuting to and from your usual workplace does not qualify as a deductible expense) and all business trips should be marked as "Business" (not Personal).

 

QuickBooks will use the mileage you've entered to calculate the total deductible expense and include it in your reports. Always double-check entries before submitting tax returns to HMRC.

 

If still it will not show in your tax report, I recommend contacting our Live Support Team for advanced assistance. They can offer step-by-step guidance tailored to your situation, ensuring you get the most accurate solution.

 

Here's how to contact live support team:

 

  1. Click the Help (?) icon in the upper-right corner.
  2. Use the QB Assistant or the Search tab to ask a question.
  3. Type Contact Us to connect with an expert.

 

Tip: If you used actual expenses or capital allowances for your vehicle in the past, we recommend reaching out to your accountant for help to calculate your allowable expenses.

 

Feel free to leave any additional questions in the comments if there's anything else you need further assistance with.

 

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