Guide to Expenses for Contractors

of Nexa Accountants and Taxation Services

As a limited company contractor, the costs which are incurred completely and entirely for your business can be claimed as business expenses, which means that you will obtain tax relief on these costs. You can reduce your tax bill if you could claim business expenses correctly so it beneficial to understand what you can claim and cannot claim. Our expenses guide for contractors attributes how expenses can have an impact on your tax bills such as what is and is not categorized as an expense and the procedure involved in making a claim.

What can I claim expenses for?

To know more on whether you are able to claim individual costs as an expense you may discover our individual expense pages which are useful:

24 Month Rule for Travel

Go through the information about claiming travel expenses to your temporary place of work inclusive of 40% rule.

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Charity & Sponsorship

Are you looking to make a charity donation or sponsorship? Go through our guide for more information on how to claim tax relief.

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Childcare Costs

Read our guide to know about the ways of qualifying for a childcare scheme and paying childcare costs from your limited company.

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Clothing Expenses

Clothing Expenses

Read this guide to know what you can claim for the items which are necessary for your expenses.

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Company Assets

Read our guide to know what forms a company asset and how to claim tax relief for assets relating to personal use.

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Entertainment & Parties

Read our guide to know about how you can claim tax relief for the cost of entertainment and parties through your limited company.

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Home Office

Read our guide to know more about how you can claim the expenses of costs which you incur during your working hours.

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Invoicing Expenses

Read our guide for more information on how you can claim tax relief, in case, you are looking to make a charity donation or sponsorship.

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Pension Contributions

Read our guide to know more on how you can invest your some amount of income into a pension scheme and get tax relief.

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Training Costs

Read our guide to know about claiming expenses on training as long as the courses are significant to the duties of your contracts.

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Travel Expenses

Read our guide to know more information on how can you claim expenses to your temporary place of work.

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Get assistance with your expenses from Nexa Accountants

Know what expenses you can claim as a contractor and get the best advice about the procedure to claim, our business representative is here to help. You can reach us on: 020 3004 9303.