Complete list of self-employed allowances

If you’re a sole trader, there are a ton of self-employed allowances that you can use to pay less tax.

1. The Trading Allowance

You can claim the first £1,000 of income from self-employment as a flat tax-free allowance.

You won’t be eligible to claim other expenses, though (including the allowances listed below).

Still, for most self-employed people this is more than their expenses.

Plus, no more receipts.

2. The Home Office Allowance

If you work from home, you have two options:

  • you can claim the proportion of your home costs (rent, bills) that’s used for business, or
  • you can use this flat rate allowance instead:
Hours of business use per month Flat rate that you can claim
25 – 50 hours £10 per month
51 – 100 hours £18 per month
More than 101 hours £26 per month

3. The Mileage Allowance

If you don’t want to keep track of every receipt related to your car (insurance, repairs, fuel, etc.), you can just opt for “simplified expenses” and use this flat rate instead:

Vehicle Flat rate per mile
Cars and goods vehicles first 10,000 miles 45p per mile
Cars and goods vehicles after 10,000 miles 25p per mile
Motorcycles 24p per mile

If I claim these self-employed allowances, do I still get the general ones?

Yes.

All of these self-employed allowances are on top of the general allowances:

How do I claim them?

You can just claim them through your Self Assessment tax return.

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