SyPro Financial Consultancy Limited

When to claim mileage allowance if you’re self-employed?

You can claim mileage for:

⬩ Travel between workplaces (e.g. office to client site) or

⬩ Trips required for your job

⬩ Business errands

Note that normal commuting (home to a permanent workplace) cannot usually be claimed for.

The newly announced Approved Mileage Allowance rates for the 2026–2027 financial year take effect from 6 April 2026 and are as follows:

⬩ Cars and vans - 55p per mile for the first 10,000 business miles, then 25p per mile thereafter.

⬩ Motorbikes - 24p per mile for all business miles.

If you're unsure what this means for you, speak to your accountant or get in touch with Laura, who would be happy to answer all your questions at [email protected].

Maintaining healthy cashflow is essential for any SMEs to thrive.

It ensures that you have enough resources to pay for all your business expenses.

Here are our 4 top tips for managing your cashflow:

👉 Make regular cashflow projections for a specific period of time by estimating your revenue and identifying your expenses

👉 Stay on top of your bookkeeping and invoicing otherwise it will not be a true reflection of your financial situation.

👉 Reassess your financial situation often.

👉 Invest in technology to streamline your finance tasks.

Every penny counts, so if your business is struggling with cashflow or if you need help with the process, it’s worth taking professional advice.

Get in touch to find out more at [email protected]