In this section we look at contractor expenses and provide a comprehensive contractor accountancy guide to what you can and can’t claim. The expenses guide also looks at the impact of being inside or outside IR35, as well as the 2 year rule. Our article on tax deductions introduces the ‘use of home as office’ which allows contractors to claim a fixed weekly amount if they work from home.
Contractor expenses resources
- Contractor Expenses Guide
A comprehensive guide to contractor expenses including details on what expenses you can and can’t claim.
- Tax Deductions for Contractors
HMRC have agreed that anyone using their home for business purposes can claim £3 per week without fear of enquiry. The amount is clearly very small but should be claimed by every business where relevant.
- Travel and Subsistence for Directors and Employees
Travelling and subsistence expenditure incurred by or on behalf of employees gives rise to many problems. We highlight below the main areas to consider in deciding whether tax relief is available on travel and subsistence.