Ask the Accountant!

Q. “I’m self-employed in the UK and completing my tax return. Can you tell me an expense most forget they can claim?”

A. “One of the most commonly forgotten or even unknown expenses you can claim, is using your home for work.

If you work from home — even just for a few hours a week — you can claim a portion of your household costs. These can include the cost of heating, electricity, internet, and council tax.

You can use HMRCs simplified flat rate or your accountant can calculate a ‘fair use percentage’ of the actual costs.

Over the course of the year the costs can add up to a worthwhile saving on your tax bill.”

Looking to complete your ta return early? We’d be delighted to help!

We offer a 15 minute discovery call with our accountant, simply email info@caas.org.uk to arrange.