Moving for a new contract? Find out how your limited company can claim up to £8,000 in relocation costs tax-free, and the HMRC rules you need to meet.
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.
Entertaining clients – can your company pay, and what’s tax-deductible?
Can you claim client entertainment through your company? This guide explains HMRC rules, VAT treatment, and what is an allowable tax-deductible expense.
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?
Digital and remote working expenses – what can your company claim?
Which remote working costs can limited companies claim for and how are they treated for tax purposes? Be cautious with services you also use personally.
Umbrella company expenses – what can you claim for?
If you work via an umbrella, you may incur various expenses while carrying out your work. Here, we look at how expenses are treated for tax purposes.
Which business travel expenses can limited company contractors claim?
As a contractor, you may need to travel as part of your contract duties – within the UK, or even overseas. Which travel expenses can you legitimately claim?
Accommodation expenses as a limited company contractor
Accommodation costs are a common expense for limited companies, particularly for contractors and consultants who frequently travel for work.
Can I claim for the expense of renting a flat near my new contract?
One of our readers has recently been offered a contract role away from home. Can he claim the cost of renting a flat against his limited company’s tax bill?
How to claim training expenses via your limited company
Investing in improving your skills or those of your employees can give you a crucial edge when it comes to pitching for new contracts. However, before funding training via your limited company, it’s important to know what you can – and cannot – claim as a tax-deductible expense.
IR35 – Deemed Payment and the treatment of expenses
How to work out which expenses you can claim if your work is caught by IR35 – the 5% expenses allowance and how the deemed payment is calculated.