Sole Traders / Partnerships. If the computer is purchased for part business/part private, then the business portion of the cost can be claimed. VAT claimed back on the purchase must be in the same proportion. Limited Companies. The full cost of the computer can be...
Generally, if you stay away overnight, you can claim for the actual costs of the accommodation and a meal on top of your mileage. You can also claim Incidental Overnight Expenses (receipts not needed) which are not necessarily business expenses but include items such...
Business owners can claim the expense of using their home as an office, (as a business expense), based on the portion of rent, mortgage interest, council tax, water, fuel etc. used while working on the business at home. There are 2 ways to calculate this: Weekly...
When an employee or director travels to a temporary place of employment, from their permanent place of employment (usually the home address for Personal Service Companies), then they can claim tax relief on relating travel & subsistence expenses. However, if/when...
The normal way to claim expenses when overseas is to record your actual travelling expenses (including flights, taxis, accommodation and meals). You have to be disciplined and convert any foreign currency payments into Sterling for the actual transaction date....