You can subtract your self-employed expenses from your turnover when working out how much tax you need to pay each year.<\/p>\n\n\n\n
But not all business expenses are allowable expenses, so it\u2019s important to know what costs you can claim on your tax return.<\/p>\n\n\n\n
This guide is specifically for sole traders and the self-employed, and can also apply to company directors. The expenses process for a limited company<\/a> is slightly different.<\/p>\n\n\n\n Download your free in-depth guide to claiming allowable expenses on your Self Assessment. Why not save it and refer back to the guide when completing your tax return?<\/p>\n\n\n\n\n
\n\n\n\nGet your free guide on self-employed expenses<\/h3>\n\n\n\n