Limited Company Business Expenses GuideThis handy guide will help you save money by giving you detailed instructions on exactly what you’re entitled to claim as business expenses, so you won’t end up paying more tax than you have to.
Business expenses can be claimed whether you’re a contractor, freelancer or small business. One of the many benefits of claiming business expenses is that they’re generally tax deductible against your profits. Effectively, this means that for every pound you spend on expenses, 19p will be deducted from your Corporation Tax liability. This guide explains the in's and out's of tax relief and how to go about claiming limited company expenses.