There are two ways to claim expenses if you're self-employed:
Simply claim a flat £1,000 as a "self-employed trading allowance":
|Type of expense||Can I claim it?||How much can I claim?|
|Home rent||Yes||Either claim the percentage that you use your home for work, or a flat home office allowance|
|Home insurance||Yes||Same as for home rent|
|Home utilities (electric bill, phone bill, etc.)||Yes||Same as for home rent|
|Home repairs||Yes||Same as for home rent|
|Home mortgage payments||Not really||Only a part of the interest on mortgage - similar to how you claim rent. You’re probably better off using the flat home office allowance|
|Laptop for work||Yes||100%|
|Phone for work||Yes||100%|
|Antivirus, Office software||Yes||100%|
|Paper and pens for work||Yes||100%|
|Protective gear for construction work||Only if your contractor is not already providing you with it||100%|
|Special uniforms||Only if your contractor is not already providing you with it||100%|
|Car insurance||Yes||Use the percentage that you use your car for work. Keep the invoice. Or just use the flat mileage allowance|
|Fuel||Yes||Use the percentage that you use your car for work. Keep the invoice. Or just use the flat mileage allowance|
|Parking fees||Yes||Use the percentage that you use your car for work. Keep the invoice. Or just use the flat mileage allowance|
|Taxi fares||Yes||Only trips for work - keep the receipts|
|Travel from home to regular workplace||No||--|
|Hiring other people (subcontracting work)||Yes||100%|
|Buying goods for resale (e.g. on eBay)||Yes||100%|
|Buying raw goods for production (e.g. you’re making and selling hats on Etsy)||Yes||100%|
|Bank, overdraft, and credit card fees||Yes||If you’re using cash basis then you can only claim up to £500. Otherwise 100%|
|Interest on loans||Only if they are for work||100%|
|Leasing payments||Only if they are for work||100%|
|Business insurance||Only if it’s for work||100%|
|Bad customers||Only if you’re using traditional accounting||100%|
|Advertising (newspapers, local Google Ads, etc.)||Yes||100%|
|Website development, hosting, domain name, etc.||Yes||100%|
|Meals with clients or suppliers||Yes||100%|
|Drinks with clients or suppliers||No||--|
Get your self assessment prepared for you online by certified accountants for £119
Our online tax-bot will go over your tax situation and will make sure you won’t overpay your taxes.
You can talk to one of our tax assistants at any time during the process when you have any questions.
We’ll tell you exactly what documents you need and sort them for you online. You just upload them or snap a picture with your phone.
Your certified accountant will go over your details & prepare your tax return for you to review. It will be filed on your behalf once you approve it.
We have a simple online service that guides you through the entire process. Regardless of your reasons for doing your tax return we'll help you get it done right.
We'll prepare your self assessment and help to maximise your CIS tax refund. We have the lowest fees in the industry and you don't have to pay up front if you're eligible for a refund.
Our service allows people living abroad to prepare their income tax return online. We are able to process all returns regardless of your current country of residence.
UK company directors are required to file their self assessment annually. TaxScouts handles this through a simple online process.
Long Lets, Airbnb, Capital Gains. TaxScouts will sort out your self assessment and take away the worry of tracking all the recent tax changes.
TaxScouts ensures the self employed don't overpay on their taxes. We'll help you benefit from all the tax breaks and deductions that can be applied to your return.
At TaxScouts we appreciate that tax returns are highly individual. Before you get assigned an accountant we make sure to understand your circumstances and help you build your optimal tax profile.