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You can claim expenses for:
You can’t claim expenses or allowances for buying business property or premises.
You can claim capital allowances for some integral parts of a building, such as water heating systems.
Do you still have questions? Get in touch with our accounts services team to find out more about how they can help you.
You can claim expenses on business supplies and services for:
Do you still have questions? Get in touch with our accounts team to find out more about how they can help you.
Business Mileage Allowance Payments are what you pay your employee for using their own vehicle for business journeys. You don’t have to report these payments to HMRC.
Mileage claims should be supported by an expense claim noting the reason for the travel and the number of business miles. Travel from home to a permanent place of work is not considered to be business mileage. A person can have more than one permanent place of work.
There are additional rules regarding payments made through intermediaries.
To calculate the ‘approved amount’, multiply your employee’s business travel miles by the rate per mile for their vehicle.
Rates per business mile
Type of vehicle | First 10,000 miles | Above 10,000 miles |
Cars and vans | 45p | 25p |
Motorcycles | 24p | 24p |
Bikes | 20p | 20p |
If your employee carries another employee in their own car or van on a business journey, you can pay them passenger payments of up to 5p per mile tax-free.
Ask employees to provide periodic VAT fuel receipts to cover the mileage they are claiming for. This will enable you to reclaim 2.5p of VAT on each mile expensed.
Do you still have questions? Get in touch with our accounts team to find out more about how they can help you.
Vehicles owned by the business are capital items and tax relief is claimed as a capital allowance. Businesses can reclaim the VAT payable on the purchase of a van but not on a car.
You can claim the following costs for vehicles that are owned by the business:
If you own the vehicle personally, you can’t claim for the above as a business expense.
You can claim the following for business and non-business vehicles when used for business purposes:
You can claim travel costs for:
You cannot claim
You can extend a business trip to do some shopping or sightseeing and still claim for the for the trip. As long as the primary purpose of the trip is business, you can still claim all the business-related costs. Make sure you keep proper records, notes and board minutes or conference materials to document the main reason for the trip and satisfy HMRC.
However, if you go on holiday and decide to do some business whilst there, you can’t claim for the cost of the business activity.
Do you still have questions? Get in touch with our accounts team to find out more about how they can help you.
You can claim expenses on clothing costs for:
You can’t claim for everyday clothing (even if you wear it for work).
Do you still have questions? Get in touch with our accounts team to find out more about how they can help you.
You can claim expenses on subscriptions for:
You can’t claim for:
Do you still have questions? Get in touch with our accounts team to find out more about how they can help you.
You can claim the following as tax deductible marketing and entertainment expenses:
You can’t claim for:
Do you still have questions? Get in touch with our accounts team to find out more about how they can help you.
You can claim business costs for:
Do you still have questions? Get in touch with our accounts team to find out more about how they can help you.
You can claim costs on professional fees for:
You can’t claim for:
Do you still have questions? Get in touch with our accounts team to find out more about how they can help you.
Social Investment Tax Relief (SITR) is a government relief for social investment with the aim of encouraging individuals to support charities and social enterprises, to help them to access new sources of repayable finance.
Individuals who make an eligible investment can deduct 30% of the cost of the investment from their income tax liability for either;
The investment must be held for a minimum period of three years for the relief to be retained.
Do you still have questions? Get in touch with our tax team to find out more about how they can help you.
The range of costs associated with a qualifying R&D project that you can claim for is deliberately broad and includes expenditure such as:
Your R&D doesn’t have to be successful to qualify and you can, in some circumstances, include work undertaken for a client as well as your own projects.
Do you still have questions? Get in touch with our tax team to find out how they can help you.
The probate process involves:
Checking if there is a will – this will identify who will oversee the distribution of the estate. If there is no will the next of kin can apply.
Applying for grant of representation – this gives the legal right to access and manage the deceased’s assets.
Pay any inheritance tax due on the estate – establishing the value of the deceased’s estate to complete and submitting an inheritance tax return to HMRC, and pay the tax that is due.
Collect the estates assets – from banks, building societies and the sale of assets
Pay any debts – and finalise income tax affairs and pensions
Distribute the estate – transfer and property, money or possessions to those entitled to those entitled to it (beneficiaries).
Get in touch with our personal tax team for help and guidance with the probate process.
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