One essential way to achieve maximum tax efficiency is to claim all of the expenses to which you are entitled. Be careful to only claim legitimate items: according to HMRC, expenses must be wholly and exclusively for business use.
This is intended to be a comprehensive list of business expenses that can be claimed. However, expenses are a fantastically complicated area of accountancy, and HMRC rulings are numerous. Therefore, this list is not, and can never be exhaustive.
| Accountancy | Fixtures and fittings cost | Christmas Parties |
| Advertising | Food & drink | Patent costs |
| Air fares | Foreign exchange costs | Paypal charges |
| Alternative finance payments | Fuel /Petrol | Pension |
| Annual return fee | Health / medical check | Phone calls |
| Bank charges | Health insurance | Postage |
| Bicycles | Hire and rental charges | Printing |
| Business gifts | Hotels and bed & breakfasts | Professional fees |
| Business start-up | Insurance | Travel & subsistence |
| Car hire | Internet | Rates |
| Charitable donations | Late tax payment penalties | Repairs to equipment |
| Childcare vouchers | Leasing rental | Room Hire |
| Christmas gifts for staff | Legal costs | Self Assessment fee |
| Cleaning | Magazines, books & journals | Software |
| Clothing | Maintenance | Stationery |
| Computer consumables | Marketing costs | Subcontractor costs |
| Computer equipment | Mileage | Taxi fares |
| Computer purchases | Motor vehicle expenses | Training costs |
| Conference expenses | Motor vehicle purchase | Uniform |
| Ebay charges | Office rental | Use of home as office |
| Employer's liability insurance | Optical expenses | Utilities |
| Staff Entertainment | Parking |
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