Expenses — Guides, Tips & Expert Advice
What you can and cannot claim as business expenses — allowable deductions, receipts, and HMRC rules.
64 articles on Expenses
Bank Charges and Interest: Claiming as Business Expenses
Monthly account fees, transaction charges, overdraft interest, and loan interest — here's how to claim banking costs as business expenses for your sole trader business.
Business Use of Home: Claiming Actual Costs
If you work from home, claiming actual household costs instead of the flat rate can save you significantly more. Here's exactly how to calculate your claim.
Can I Claim Childcare Costs as a Business Expense?
Childcare is a personal expense and not tax-deductible, but there are government schemes that can help with the costs. Here's the full picture.
Can I Claim a Christmas Party as a Business Expense?
If you have employees, yes — up to £150 per head. If you're a sole trader with no staff, the answer is more complicated.
Can I Claim Coffee and Tea as a Business Expense?
Tea, coffee, milk, and biscuits for the office — yes. Your daily latte from the coffee shop — it depends.
Can I Claim Commuting Costs? (Probably Not)
Travel between your home and your regular workplace is commuting — and it's not a business expense. But home-based sole traders may have an advantage.
Can I Claim Gifts to Clients as a Business Expense?
Client gifts are only allowable if they meet three strict conditions. Here's what qualifies and what doesn't.
Can I Claim Glasses or Contact Lenses as a Business Expense?
Prescription glasses and contact lenses are generally personal expenses, but there are limited exceptions for VDU users and specialist eyewear.
Can I Claim Gym Membership as a Business Expense?
The short answer is almost certainly no. Here's why gym memberships fail the business expense test and the very rare exceptions.
Can I Claim Home Broadband as a Business Expense?
Yes, you can claim the business proportion of your home broadband — but the method depends on whether you use simplified expenses or actual costs.
Can I Claim Parking Fines as a Business Expense?
Parking fines, speeding tickets, and other penalties are not allowable business expenses — even if you were on business at the time.
Can I Claim Work Clothes as a Business Expense?
Probably not — unless they're protective gear, a genuine uniform, or specialist occupational clothing. Here's the quick guide.
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