As a self-employed person do you ever wonder what expenses you are allowed to deduct from the income you earn? Do you worry that you are not claiming everything you could? Or perhaps worry that you are claiming things that you shouldn't? …
If you are a VAT registered business and you or your staff reclaim mileage for business travel in your own vehicle did you know that you can claim VAT on the fuel element of that mileage? Every quarter HMRC update the advisory fuel rates – see here for the current rates. …
The provision of clothing to yourself or your employees is not a tax deductible expense. If you provide clothing it must be declared as a benefit on a P11D and Class 1A National Insurance Contributions will be paid. Your employee's tax code will also be adjusted to account for this taxable benefit. However if you or your employee is required to wear a uniform as part of their duties - a nurse for example …
