Call 0161 669 4221, or request a call back or…BECOME A CLIENT
Call 0161 669 4221 or request a call back
Refer a friend or colleague and receive up to £150!

Resources

What expenses you can and can’t claim

Posted on December 2, 2015Blog
What expenses you can and can’t claim

As a freelancer or contractor in the UK, you are responsible for keeping track of your income and ensuring that you are paying the correct amount of taxes each financial year. While hiring a professional bookkeeper is always best practice, you should be aware that you are entitled to claim certain expenses (and not others) each year.

Understanding what expenses that you can claim – and which ones you cannot – does not have to be complicated. Here is a brief list  of some of the more common expenses that can be claimed (when they are purely business related).

  • Travel – When travelling to and from business obligations in a temporary place of work you can claim taxi trips, public transport, mileage for your vehicle and even 20p per mile for your bicycle journeys!
  • Business Trips – You can claim your plane/ train/ bus and boat fares, as well as your accommodation. Your “incidental overnight expenses” are limited to £5 per night within the UK and £10 per night internationally.
  • Clothing – You can claim for protective or specialised clothing that you require to do your job.
  • Computers – You can claim for any hardware and software that you have purchased in order to do your job.
  • Journals and magazines – Any publications associated with your industry can be claimed.
  • Professional body membership fees – These membership fees can be claimed, providing they are listed on the HMRC’s Section 201 list.
  • Telephone (Fixed Line/ Mobile) – Telephone lines that are solely used for a contractor’s business can be claimed, as can individual calls on other lines.

Remember – always keep your receipts (FreeAgent can help you keep these organised). If you are unsure about whether or not an expense can be claimed, ask your accountant.

To book in a FREE consultation, contact us today on 0161 669 4221 or info@biaccountancy.com.

You may also be interested in…

Stay up to date on what’s new at Bright Ideas.

    Step 1 of 3

    Thanks for choosing Bright Ideas!

    Let’s get started with a few details…

    (*) Required field
    The field is required
    The field is required
    Email address is invalid
    The field is required
    By submitting you agree to our Privacy Policy

    How can we help?

    I need accounting support for…

    (*) Required field
    The field is required
    The field is required
    The field is required
    The field is required
    The field is required
    £The field is required
    The field is required
    The field is required
    BACK

    When’s good for you?

    Pick a slot…

    (*) Required field
    The field is required
    The field is required
    The field is required
    BACKLet's get started
    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

      Step 1 of 2

      Become a client

      Let Bright Ideas take care of your accounting. We’re guaranteed to have a solution here that suits your needs. Simply pick the package you like best and we’ll take care of the rest.

      You can sign up for our services right now. Complete the form below and we’ll be in touch the same day (if received before 4pm).

      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required
      Email address is invalid
      The field is required
      The field is required
      The field is required
      The field is required
      By submitting you agree to our Privacy Policy

      Let’s talk about your business

      Setting up a new business? Already trading as a Limited Company? No matter what your circumstances, Bright Ideas can help.

      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required

      Included in our company formation service is:

      • Limited Company name of your choice
      • Memorandum and articles of association
      • VAT, PAYE and Corporation Tax registration
      • Certificate of incorporation and Share certificate
      • Companies house registration
      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required

      Director/Shareholder

      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required

      Additional director or shareholder (Should only be completed for an additional person)

      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required

      Declaration acceptance *

      The field is required
      The field is required
      BACKLet's get started
      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

         

        Request a Call Back

        (*) Required field
        The field is required
        The field is required
        Email address is invalid
        The field is required
        By submitting you agree to our Privacy Policy
        This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.