One way to achieve maximum tax-efficiency is to claim for all of the expenses that you’re entitled to. You’ll need to be careful to only claim legitimate items, however. HMRC is clear that expenses must be ‘wholly and exclusively’ for your business use, but there are also specific rules for certain expenses (such as travel).
Additionally, expenses suffered by a director or employee (such as laptops) must also pass the ‘wholly and exclusively’ test.
This article is intended to be a comprehensive list of the business expenses that can be claimed. However, expenses are a very complicated area of accountancy, so this list must only be taken as guidance.
Click any expense type to see how to record it in your Crunch account, and to obtain clarification about what exactly qualifies for this category.
Need some help with recording expenses?
No problem! See here for guidance
You can pay for regular expenses personally and claim it back, but what does this mean and how do I do that?
- Check our article for further information about paying for expenses personally