Expenses for Limited Companies

One of the benefits of working as a limited company contractor is the opportunity to claim tax relief on a wide variety of business related expenses. This guide will help give you a better understanding of how expenses can affect your tax bill and examples of what is and is not classed as an expense.

What's in the guide?

  • What is a business expense?
  • What types of business expenses can I claim as a contractor? 
  • Expenses relating to a temporary worksite     
  • What expenses you can claim in relation to a temporary worksite
  • Other business expenses you can claim  

Running a Limited Company

Running a business as a limited company can provide an ideal foundation on which to grow and give yourself a solid legal and financial base to build on. It’s exciting and inspiring, and brings with it the potential for great financial rewards as your business grows.

Setting up and running a limited company is not a decision to be taken lightly. Because establishing a company is a legal process and your company itself will be a separate legal entity, it entails a greater level of responsibility and commitment. However, running a limited company does bring a number of benefits.

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