London office: 020 8740 7477
E-mail address: This email address is being protected from spambots. You need JavaScript enabled to view it.

Claiming for use of office and related costs

Source: HM Revenue & Customs | | 23/01/2018

The self-employed are often concerned regarding expenses they can claim. In this article, we will briefly look at the rules for claiming expenses relating to office, property and equipment. You cannot claim for any non-business use of premises, phones or other office equipment.

As a general rule, you can claim for items you’d normally use for less than 2 years as allowable expenses such as stationery and other office sundries as well as rent, rates, power and insurance costs.

HMRC lists the following office expenses which can be claimed:

  • phone, mobile, fax and internet bills
  • postage
  • stationery
  • printing
  • printer ink and cartridges
  • computer software your business uses for less than 2 years
  • computer software if your business makes regular payments to renew the licence (even if you use it for more than 2 years)

Planning note

You can also claim the applicable part of rent, rates, power and insurance costs for any part of your home used as an office.

Equipment you buy to use in your business that you would expect to last for more than 2 years e.g. computers are treated as allowable expenses, if you use cash basis accounting or you can claim capital allowances if you use traditional accounting.

 

Latest News

  • Appealing to a tax tribunal

    13/02/2018 - More...

    There are a number of different options open to taxpayers that disagree with a tax decision issued by HMRC. The first

  • Does a charity pay tax?

    13/02/2018 - More...

    The tax treatment of charities can be very complex. As a first step any charity hoping to benefit from any beneficial

  • Pay and paternity leave

    13/02/2018 - More...

    When your partner gives birth or when you adopt a child or have a baby by surrogate, you may be entitled to 1 or 2 weeks

Search News


Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login