Limited Company Contractor Expenses

If you’re thinking of holding a small Christmas do for your limited company, you’ll be pleased to hear that your can legitimately claim back costs of up to £150 per head without any tax implications, as long as you meet certain conditions.

If you are contracting and have young children, you may be able to benefit from personal tax relief on some childcare costs. The old voucher scheme closed to new entrants in 2018.

As a limited company owner, you may well carry out your trade from home – occasionally, or on a regular basis. Which (if any) household expenses can you legitimately claim against your company’s tax bill?

Can your limited company pay for books, magazines, newspapers and online publications? We look at when these costs can be claimed as business expenses.

As a limited company owner, you will incur a variety of business expenses whilst running your business. Here, we look at which expenses are ‘allowable’ for tax purposes.

If you rent an office, use a coworking space or pay for a virtual office, which costs can your company claim? What is the tax treatment of office expenses?

Limited company owners (including contractors) can’t offset the cost of standard work clothes against tax, although there are some interesting exceptions.

Find out when your limited company can claim parking charges, congestion charges and road tolls, including the rules on mileage, and non-allowable costs.

You can sometimes claim food and meal expenses from your company, but it depends on several factors. Is there a business justification for the claim?

There’s a lot to be said for making a charitable donation or sponsoring a local event via your company. But how are such outgoings treated for tax purposes?