What Expenses Can I Claim with a Limited Company? HMRC Allowable Expenses

What expenses can you claim with your limited company? This video will outline many of the expenses your company can claim as an allowable expense for corporation tax relief.

We'll also discuss some of the disallowable costs that can create a benefit in kind for you as the director or your employees. Some expenses can be reclaimed from the ltd company as an out-of-pocket expense, but your company won't be able to get tax relief.

Read more from our post: https://blog.juniperlynx.com/what-expenses-can-you-claim-with-a-limited-company/

Quick links:

1:05 - Entertaining
2:27 - Travel & Subsistence / Mileage Allowance
4:49 - Tools & Equipment
5:39 - Stationery / Office Supplies
6:00 - Staff Training
7:35 - Uniforms (Branded Clothing)
8:07 - Protective Clothing & Equipment
8:43 - Internet & Telephone (Mobile Phones)
10:14 - Software & Web Hosting
11:00 - Advertising & Promotion
11:37 - Use of Home Allowance
12:40 - Medical Costs
13:44 - Subcontractors, Employees & Service Costs (labour)
14:21 - Limited Company Pension Contributions
15:22 - Fixed Assets
17:22 - Disallowable Expenses (benefit in kind)
Most importantly after watching this video, you will be able to distinguish between what expenses HMRC would consider allowable for tax purposes and what they may question if your company is ever investigated.

For new limited company directors (or even existing directors) this is absolutely essential knowledge so you can avoid major tax problems later on down the line.

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Видео What Expenses Can I Claim with a Limited Company? HMRC Allowable Expenses канала Juniper Lynx