What Expenses Can I Claim as a Self-Employed Individual?

Maximising Tax Savings: Claimable Expenses for the Self-Employed

Self-employed individuals can deduct certain business expenses from their taxable income. Here’s a list of common allowable expenses:

• Office Costs: Stationery, utilities, and rent.

• Travel: Fuel, public transport, and mileage.

• Professional Fees: Accountant or legal advice.

• Marketing: Advertising, website hosting, and branding.

Remember to keep detailed records and receipts for all claims. Visit HMRC’s guide on expenses.