Company parties and events – the £150/head expenses exemption
If a company organises an annual event party for its employees, it may be eligible to claim tax relief on the costs as long as several conditions are met.
Expenses
A limited company can deduct many genuine business costs when calculating its taxable profit, but the rules vary considerably depending on the expense.
Our expenses guides explain what the company can usually pay for, when a director can be reimbursed, and the areas where tax or benefit-in-kind rules can make things less straightforward.
Claiming training expenses through your limited company
Some training costs are fully deductible against your company’s profits, while others, particularly those that expand into new business areas, are not.
Which limited company expenses are tax-deductible?
There are many costs you will incur while running a limited company. Which expenses can you legitimately claim against your company’s tax bill?
Can you claim the cost of work clothes on expenses?
If you are a limited company director, can you claim work clothes as an expense against your company’s corporation tax bill?
Mobile phone and landline expenses for limited company directors
If you use your phone for business, you may be able to offset the cost against your company’s tax bill. Guide to landline, mobile and smartphone expenses.
What are ‘trivial benefits’ and how are they treated for tax purposes?
What exactly are trivial benefits and is there a limit to how much they can cost before being considered a taxable benefit? Guide for company directors.
Can limited company directors claim professional and trade subscriptions?
Joining a trade association can help to keep you up to date with industry news, to find contacts, or source work. Are memberships fees tax deductible?
Buying a car through your limited company. is it worth it?
If you use a car for business purposes, the way your vehicle ownership is taxed depends on whether you buy a car through your company, or use your own car.
Broadband expenses for limited company directors
Whether you work from an office or your home, the cost of broadband is one of the most commonly claimed business expenses for limited companies.
How to claim clarity and sponsorship expenses via your ltd company
There’s a lot to be said for making a charitable donation or sponsoring a local event via your company. But how are such outgoings treated for tax purposes?
Medical and health expenses for limited company directors
What medical and health related expenses can your limited company offset against its corporation tax bill? Which costs are not allowable?
The 24-month travel expenses rule for limited company contractors
One rule that is highly relevant to a limited company contractors in particular is the 24-month travel expenses rule. Find out more in this concise guide.