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Managing Expenses when Self-Employed 

If you are self-employed, you can lower your tax bill by deducting certain business expenses. This includes purchases that are necessary to allow you to run your business.

Here’s a quick look at some of the expenses you can claim with HMRC when self-employed.

Office costs, including stationery, hardware, or phone bills.

Travel costs, including parking, fuel or public transport fares.

Financial costs, such as insurance.

Business premises costs, such as heating, lighting and business rates.

There are many different purchases that come under the business expenses allowance, so if unsure it is recommended to speak to a professional or use the Gov.uk Self Assessment helpline for more information.

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