Blog

There are a few claims you cannot make for example you cannot claim for non business travel, fines so parking or speeding and travel between work and home. These do not count as business expenses and will have to be paid by you.

For travel costs you can claim different expenses on how you travel. If you use your own car you can claim vehicle insurance, repairs, parking and fuel (only business usage).Other claims can include vehicle license fees, breakdown cover, hotel rooms, meals on overnight business trips and train, bus, air or taxi fares.

Capital allowances are claims on your tax return that will have a shelf life of 2 or more years and cannot be sold on as stock. these usually refer to:

• Vehicles used for work
• Machinery
• Tools

You should always keep records to help when it comes to your accounting. Some useful records to keep are:

• bank transactions (business account only)
• cheque stubs
• credit card/company card statements
• invoices
• recipts
• VAT records (if registered)

If you’re self emplopyed and need a little help with knowing what you can and cannot claim on your tax return then you’ve come to the right place. In this post we will give a list of what you’re allowed to claim as expenses.
For travel costs you can claim different expenses on how you travel. If you use your own car you can claim vehicle insurance, repairs, parking and fuel (only business usage).Other claims can include vehicle license fees, breakdown cover, hotel rooms, meals on overnight business trips and train, bus, air or taxi fares.