If you are new to the world of Self Assessment, knowing what you can and can’t claim as a legitimate business expense can be confusing.
HMRC have recently launched a guide designed to give the business owner up to date guidance and case studies to aid understanding. Claiming the right expenses means you’ll pay the right amount of tax at the right time.
The guide addresses many of the most commonly asked questions such as:
For more information on Self Assessment visit HMRC here: HMRC Self Assessment
Check out the full Business Expense guide here: Business Expenses for the Self-employed