Expenses
One of the frequently asked questions is , “What expenses can be claimed?” Expenses that can be claimed are those that are incurred “wholly and exclusively” for the purpose of the business. See our Expenses Guide for details.
Examples of the types of expenses that may be claimed include:
- Bank Charges
- Car Rental
- Company Credit Cards
- Company Formation Costs
- Computer Equipment (including laptops)
- Employer Pension Contributions
- Entertaining Costs
- Expenses Advances
- Home Telephone
- Insurances
- Internet subscription
- Legal and Professional Fees
- Loans to directors/employees
- Mobile Telephone costs
- Premises Costs
- Professional Subscriptions to Professional Bodies
- Publications Technical Journals/Magazines
- Relocation Expenses
- Salaries/Staff Wages and Employer’s National Insurance Contributions
- Subsistence
- Sundry Expenses/Office Supplies
- Travel Expenses
- Use of Home as Office
- VDU Eye tests/Eye wear
- Work-related Training
Income Made Smart: Limited Company Services
