Some examples of allowable expenses

This is not a comprehensive list of expenditure however it includes the most common expenses that can be reclaimed.

This is not a comprehensive list of expenditure however it includes the most common expenses that can be reclaimed.

  • Accountancy fees
  • Business entertainment (to a limited extent)
  • Business traveling expenses (note the two year rule)
  • Christmas Party allowance - limited to a maximum of £150 per employee
  • Company bank charges and interest
  • Computer software
  • Contributions to an approved pension plan
  • Either a mileage allowance or the costs of running a car (if car owned by the Company, a benefit in kind charge arises)
  • Employers NI Contributions
  • Equipment purchased for business purposes
  • Mobile telephone and business calls
  • Postage for business purposes
  • Salaries paid by the Company to the director and employees
  • Stationery for business purposes
  • Professional Subscriptions - Technical books and journals
  • Landline telephone costs for business purposes
  • Insurance including PII
  • Use of home office

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Jassal & Company, 829 Stratford Road, Springfield, Birmingham B11 4DA

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