As a limited company contractor, costs that are incurred wholly and exclusively for your business can be claimed as business expenses, which means that you will receive tax relief on these costs. Claiming business expenses correctly could reduce your tax bill so it is worth taking the time to understand what you can and cannot claim. Our expenses guide for contractors details how expenses can affect your tax bill, examples of what is and is not classed as an expense and the process involved in making a claim.

What can I claim expenses for?

For more information on whether you are able to claim individual costs as an expense you may find our individual expense pages useful: 

24 Hour Rule Travel Charity and Sponsorship

24 Month Rule for Travel

Read for information about claiming travel expenses to your temporary place of work.

Charity & Sponsorship

If you wish to make a charity donation or sponsorship, read our guide for information on how to claim tax relief. 

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Childcare Costs

Clothing Expenses

Childcare Costs

Information about how to qualify for a childcare scheme and pay childcare costs directly from your limited company.

Clothing Expenses

If your contract requires a specific uniform or set of equipment, you can claim these items as necessary expenses.

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Company Assets Entertainment and Parties

Company Assets

Read our guide for information on what constitutes as a company asset and how to claim tax relief.

Entertainment & Parties

Find out how to claim tax relief for the cost of entertainment and parties through your limited company.

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Home Office Invoices

Home Office

If your office is your sole place of work, read our guide to learn how to can claim the expenses of costs incurred during your working hours.

Invoicing Expenses

If you wish to make a charity donation or sponsorship, read our guide for information on how to claim tax relief. 

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Pensions

Training

Pension Contributions

You can invest a portion of your income into a pension scheme and enjoy tax relief. For more information, consult our guide.

Training Costs

You are able to claim expenses on training as long as the courses are relevant to the duties of your contracts.

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Company Assets Expenses FAQs

Travel Expenses

You can claim travel expenses to your temporary place of work. Depending on your mileage and mode of transport, your rates will differ.

Expenses FAQs

Do you have any other questions about contractor expenses? Read our FAQ section to see if your question has been answered.

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Need help with your expenses?

As you can see we have plenty of information for you to digest at your own leisure. However, if you’d prefer a more hands-on approach, why not speak to a Nixon Williams specialist?

For expert advice on how to handle your expenses and what you can claim for as a contractor speak to us today on 01253 362062 or request a callback.