Self Employed full/short 11 - Other allowable business expenses

Watch a short YouTube clip on calculating your other allowable business expenses.

Include any:

• trade or professional journals and subscriptions and other sundry business running expenses not included elsewhere
• net VAT payments
• cost of protective overalls, headgear, gloves other specialised clothing

Do not include:

• payments to clubs, charities, political parties, for example
• non-business part of any expenses
• cost of ordinary clothing, even if bought for work

Any expenditure has to be made wholly and exclusively for your business.

Note: If you claim the trading income allowance, you cannot deduct allowable expenses or simplified expenses, do not enter an amount here.

For more information on the trading income allowance, go to Tax-free allowances on property and trading income.