What can I claim tax relief on?

One of the questions we often get asked by our clients and potential clients is:

“What can I claim tax relief on?”

We have put together list of 90 items and services that you may be able to claim tax relief on.

1. Accountancy fees
2. Advertising
3. Amortization
4. Air Conditioning
5. Bad debts
6. Banking charges
7. Board meetings
8. Books
9. Brochures
10. Building repairs and maintenance
11. Business association membership dues
12. Business Cards
13. Business miles on a bicycle
14. Business Rates
15. Business travel
16. Cafeteria health-insurance plan (requires plan)
17. Calendars
18. Charitable deductions made for a business purpose
19. Childcare Costs (within limits)
20. Cleaning services
21. Commissions
22. Computers supplies
23. Consulting fees
24. Conventions, conferences and trade shows
25. Costs of goods sold
26. Credit card fees and interest
27. Customer Incentives
28. Delivery Costs
29. Dining during business travel
30. Discounts to customers
31. Education and training for employees
32. Employee wages
33. Employer National Insurance
34. Electric Vehicles
35. Energy efficient lighting
36. Equipment
37. Equipment repairs
38. Exhibits for publicity
39. Family members’ wages
40. Fines and Penalties
41. Franchise fees
42. Freight or shipping costs
43. Furniture or fixtures
44. Gifts for customers
45. Health insurance
46. Heat, Light and Power
47. Interest
48. Interest incurred on money raised by yourself to loan to your business
49. Internet hosting and services
50. Legal fees
51. License fees
52. Losses due to theft
53. Management fees
54. Materials
55. Maintenance
56. Mileage
57. Motor Repairs
58. Mobile Phone
59. Mortgage interest on business property
60. Office Move Costs
61. Newspapers and magazines
62. Notice Boards
63. Outside services
64. Paper
65. Parking and road tolls
66. Pension Contributions
67. Postage
68. Printing and copying
69. Professional Indemnity Insurance
70. Property Insurance
71. Prizes for contests
72. Rebates on sales
73. Recruitment Expenses
74. Rent
75. Research and development
76. Royalties
77. Safe-deposit box
78. Safety equipment
79. Service Charges (property)
80. Signage
81. Software and online services
82. Stationery
83. Storage rental
84. Stamp Duty
85. Subcontractors
86. Telephone
87. Training Courses
88. Using Home as Office/Business premises
89. VAT incurred (if not VAT registered)
90. Website design

Contact us on 0121 231 7080 if you wish to speak to us about claiming tax relief.