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?
Limited Company Contractor Expenses
- As a contractor, you may incur many expenses related to your trade.
- For limited company contractors, you can offset almost all legitimate business expenses against your company's Corporation Tax bill.
- However, if you receive any personal benefit from business expenses paid by your company, you and the company will be taxed on the value of any 'Benefits-in-Kind'.
- The SDC rules restrict the expenses available to umbrella contractors, although some expenses are still permitted.
- Start with our popular guide to limited company expenses.
Tax exemption for ‘trivial benefits’ provided by your limited company
There will be times when you provide small gifts to employees, throw a staff function or treat yourself as the director. How are ‘trivial benefits’ taxed?
Navigating festive gift and entertainment claims through your limited company
With the festive season almost upon us, we look at how you can keep HMRC happy when making claims for gifts and entertainment.
Charity and sponsorship expenses via your company
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?
Company parties and events – the £150/head expenses exemption
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.
Can directors claim for personal tax return advice on expenses?
A guide on whether limited company directors can ‘do a Reeves’ — claim back the cost of accountancy fees.
Can you claim the cost of food and meals as a limited company expense?
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?
Cycle to work scheme – are limited company directors eligible?
The Cycle to Work scheme is an initiative set up to promote health and reduce pollution. What are the benefits for limited companies and their employees?
Limited company expenses – interest, banking and finance costs
How are finance and interest costs are treated for tax purposes, and which expenses can be offset against your limited company’s Corporation Tax bill?
Guide to marketing and advertising expenses for contractors
If you are a professional contractor, at some stage you may need to invest in marketing for your business. Can these costs be offset against your company’s tax bill?