what kind of bills do I claim as self employed?
Tuesday, January 18th, 2011
Tuesday, February 1st, 2011
For anybody who is self-employed there are various write offs, reliefs and allowances
that it’s possible to end up getting to be able to reduce your tax
You can deduct most of your business expenditure to work out your profits – however you are unable to deduct any type of private expenses. And you may claim other reliefs for selected ‘capital expenditure’ – one-off costs to purchase or enhance an asset you keep and use for the business.
You can typically get write offs, reliefs and allowances for the existing tax year and for the past 4 years – but there are some where you have a shorter cut-off date for making a claim.