Clothing Unless it’s protective clothing, or a uniform, clothing is not tax deductible. Spectacles Eye tests are claimable for workers using PC’s, but the cost of glasses cannot be claimed for because they are generally not worn ‘wholly and exclusively’ for work....
This is a common difficulty when calculating net rental property income and you should really seek advice. It depends on what the expenses were and when they were incurred. You can claim for maintenance and repairs/renewals. Repairing or replacing should 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) these are not necessarily business expenses but items such as...
I understand it’s allowable even for Directors. Are there consequences? Your Company could pay the membership – and it would obtain tax relief, and reduce your Corporation Tax bill. But, it would be a taxable Benefit in Kind (BIK) for you and your staff. The BIK...
If you buy a computer and use it in your business, it is the norm that the cost is at least partly tax deductible. Sole Traders / Partnerships. If the computer is purchased for part business /part private, then the business portion of the cost can be claimed. VAT...
Two ways you can claim for carrying out business admin at your home. Yes, 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...
