Clarion Futures Self Assessment Guide for HMRC

What Can I claim as a business expense?

What You Can’t Claim for

You can’t claim for the following: • Personal items (e.g., using your business account to buy personal clothing) • Products used for personal use (e.g., you are a cleaner and use some for your own house) • Subsistence meals unless its outside of your normal routine. (e.g., you work from home but go to a conference and buy lunch. This would be allowable.) • Travel expenses not connected to your work (e.g., taking kids to school then going on to a job. You can’t claim for that fuel or full mileage.) • Personal phone contract unless you use it for work. You must work out a percentage that is work related.

HMRC has a list of what it considers are allowable expenses. These are: • Office, property and equipment, water, utilities, phone etc. • Car, Van and travel expenses • Clothing expenses • Staff Expenses • Goods – raw materials, production costs, shipping

• Legal and financial costs • Marketing and training • Working from home • Gifts to staff • Donations to charities

www.gov.uk/expenses-if-youre-self-employed