Expenses

As a limited company director you are entitled to claim expenses for purchases / costs that have been incurred for the running of your limited company. These are commonly known as tax deductible expenses as they reduce the operating profits of your business which will reduce the amount of corporation tax that your company will need to pay…

This guide covers the following:

• How business expenses work
• Types of expenses you can claim through your company
• 24 month rule
• 40% rule
• Capital expenditure