by Anita Forrest

Tax write-offs are among the finest components of being self-employed but it surely’s additionally one of the crucial complicated areas with many lacking out on useful deductions.

So, in the event you’re freaking out each time you get a tax invoice or simply not claiming bills as a result of you’ll be able to’t resolve whether or not you might be entitled to assert them, then learn on. I’ll present you 5 tax write-offs that you could be be entitled to:


Cell Cellphone

In case you are utilizing your cell phone for work causes like checking emails, getting social for your corporation and advertising and marketing apps then you’ll be able to declare again a proportion of your line rental towards your taxes.

There’s no onerous and quick rule right here, the proportion you’ll be able to declare will rely upon the period of time you employ your telephone for work.

High tip – don’t write off 100% until you employ it completely for enterprise.


Work journeys

A number of the cash you spend on enterprise journey might be claimed towards your taxes. However this largely depends upon the place you journey to and why.

Journey exterior of your regular routine will usually be deductible in full. However common journey, like between your house and workplace can’t be claimed, that’s as a result of HMRC defines journey between your house and your common, everlasting administrative center as a non-work journey.



In case you are out and about you’ll be able to declare for meals that you simply pay for while you meet different individuals like purchasers or colleagues.

You may declare for meals when you find yourself travelling for work causes (generally known as subsistence), however not your on a regular basis lunches. Simply preserve the price of something you declare ‘cheap’, like a sandwich, drink and the odd glass of wine.


Coaching and programs

Staying on prime of your sport is crucial while you work for your self, however it may be expensive. You’ll be capable of write off the price of coaching and programs that preserve your current expertise and experience. HMRC recognises that it is advisable undertake coaching as a part of finishing up your commerce to maintain your data updated. However in the event you attend coaching to be taught new expertise these prices wouldn’t be tax-deductible.

These guidelines additionally apply to books, eBooks, workshops and magazines.


House Workplace

If you happen to’re working from house, then it’s costing you cash within the type of additional utilities, cleansing and extra. Now, don’t get too excited! HMRC has quite a lot of guidelines round what you’ll be able to declare and the way.

There are two methods you’ll be able to select to make your house workplace declare: the flat charge technique (hottest) or the precise technique.

The flat charge technique – In case you are working from house for no less than 25 hours monthly, then you’ll be able to declare a flat charge allowance in your taxes. The 2020/21 tax 12 months allowances are:

  • £10 monthly in the event you work between 25 and 50 hours monthly;
  • £18 monthly in the event you work between 51 and 100 hours monthly;
  • £26 monthly in the event you work 101 or extra hours monthly.

You don’t have to preserve any receipts, which makes this straightforward to assert while you fill out your tax return. However the draw back is that it isn’t probably the most beneficiant tax deduction.

The precise technique – relying in your state of affairs it might work out extra tax environment friendly to assert a proportion of your precise family payments (like heating, electrical energy, lease and cleansing) as a enterprise expense. You’ll want so as to add up the variety of rooms in your house and the time you spend working in every, then declare a portion of your payments. And don’t overlook to maintain receipts to again up your declare!


Claiming enterprise bills is by far the best method so that you can cut back your tax invoice, simply be sure to preserve maintain of all of your receipts as proof of what you might be claiming. In case you are ever unclear about what bills you’ll be able to and might’t declare, preserve monitor of it, save the receipt and converse to knowledgeable.



Anita Forrest is a Chartered Accountant, spreadsheet geek, cash nerd and creator of – a UK small enterprise finance weblog the place she shares assist and recommendation with the self-employed neighborhood to make subjects like registering a enterprise, bookkeeping and taxes straightforward to know.





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