Chris

But I had the previous vehicle in 24/25 too (using simplified expenses). So my question is, do I need to report simplified expenses up until I bought the new van then change to actual expenses? Or, can I report actual expenses for all of 24/25 tax year?

Hi, I have purchased a new used 2021 van for £13,000 in December 2024. I want to switch from simplified vehicle expenses on my self assessment to actual expenses. Can I do this mid way through the tax year? If not, then how do I report the capital expense in December 2024. Forgive my ignorance but I'm wondering if I have to continue with simplified vehicle expenses (from Aril 2024) up until I bought the vehicle (December 2024) the report actual expenses from December 2024 on my 2024/2025 self assessment. Hope this makes sense? Regards Chris