Category › Personal Tax › Income Tax – Reliefs & Deductions › Chapter-1 : Allowable Expenses & General Deductions
Chapter-1 : Allowable Expenses & General Deductions
What is an allowable expense? If you are self-employed, you can deduct some of your business expenses to work out...
What is an allowable expense?
What is an allowable expense? If you are self-employed, you can deduct some of your business expenses to work out...
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How do hmrc define -wholly and exclusively- for tax purposes
Not sure if a business cost is deductible? HMRC-s -wholly and exclusively- rule is the key test. When deciding whether...
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Claiming professional fees and subscriptions
Did you know you may be eligible for tax relief on professional fees and subscriptions? If your membership is required...
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Taxation of entertainment expenses
Many business gifts and hospitality costs are not tax-deductible under current rules. Entertainment expenses including providing hospitality and business gifts...
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Tax relief for training costs
If you are self-employed it is important to know if an expense is tax allowable. Any allowable costs can be...
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Entertaining a client: don-t forget your tax and reporting
Client Entertainment: Tax Treatment and Reporting Requirements ExplainedAs a business owner in the UK, it's crucial to understand the tax,...
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New patents service
The Intellectual Property Office (IPO) is the official UK government body responsible for intellectual property (IP) rights including patents, designs,...
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Making a negligible value claim with hmrc
A negligible value claim lets taxpayers declare an asset worthless for tax purposes, realising a capital loss without selling. This...
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