What expenses can you claim when self-employed?
As Self Assessment Deadline Approaches, Which Business Expenses can be Deducted as Tax Relief?
With a little over three weeks until the Self Assessment deadline, over 5 million taxpayers are yet to submit their tax return for tax year 2018/19. With many of those taxpayers classed as self-employed, there are a wide range of commonly-forgotten business expenses which can be claimed as tax relief but are often missed due to a lack of awareness on what can and cannot be claimed as a legitimate business expense. David Redfern, tax preparation specialist and Managing Director of DSR Tax Claims Ltd, explains the categories of business expenses which can be used to offset tax liabilities for self-employed taxpayers.