How to reduce Tax by claiming Business Expenses as Sole Trader or Partnership - Self Assessment UK Tax Return 2015

How to reduce Tax by claiming Business Expenses as Sole Trader or Partnership - Self Assessment UK Tax Return 2015

You have probably sorted most of your documents to enable you to complete your Tax Return 2015 before the 31 January 2016 deadline, but you still have questions as to what expenses and costs to claim as Business Expenses.

The common Business Expenses that Sole Traders and Partnerships can claim are as follows:

Computer Equipment
Website Hosting Costs
Internet Costs
Telephone Bills
Mobile Phone Costs

Office Furniture
Printing Costs
Stationery Costs

Office Electricity Bills
Office Heating Bills
Office Water Bills

Office Premises Rental
Insurance for Business

Train Tickets
Business Flights
Hotels Accommodation
Business Meals
Business Mileage
Parking Fees
Toll Charges

Advertising and Marketing Costs
Annual Entertainment for employees

Protective Clothing
Uniform Clothing
Costume Clothing

Training Costs
Professional Subscriptions
Legal and Professional Fees
Accountancy Fees

Bank Interest and Bank Charges
Credit Card Charges

The list is not exhaustive and there are certain rules and regulations applicable to most of these Expenses, so that they can qualify as Business Expenses.

If you require further information, please contact us on 00 44 758 462 3239 or send an email to melanie.lck@gmail.com. Please also Sign Up for Free Tips and Checklists!

How to Organise your Documents for your Self-Assessment UK Tax Return 2015

French Version:

31 Janvier 2016 - Self Assessment UK Tax Return 2015 - Documents

La date limite de declaration de votre Tax Return 2015 est le 31 Janvier 2016. Savez-vous quels documents vous avez besoin pour completer votre Tax Return? Les plus communs sont les suivants:

Salaires et impots - P60 ou P45 (plus dernier fiche de paie)
Avantages en nature - P11D
Occupational Pension - P60 et Certificat de Pension
State Pension - Pensions recettes et Lettre de Notification 2014/2015
Self-Employment - Chiffre d'affaires, Depenses et Resultat
Partnership - Chiffre d'affaires, Depenses et Resultat
Investment revenues - Certificat d'Interets bancaires, Dividendes Vouchers, Recettes de logement
Autres revenues - Child Benefits, Certificat d'assurance vie
Contributions pension - details des paiements
Gift aid charity contributions - details des paiements
Mortgage interets - Mortgage statement

Si vous avez d'autres sources de revenues, vous aurez besoin de documents pour l'annee fiscale de 6 Avril 2014 au 5 Avril 2015.

Pour tout autre information, n'hesitez pas a nous contacter sur 00 44 758 462 3239 ou envoyez un email a melanie.lck@gmail.com. Sign up pour recevoir gratuitement des Tips et checklists!


English Version :

31 January 2016 - Self Assessment UK Tax Return 2015 - Documents

The deadline for submission of your Tax Return 2015 is 31 January 2016. Do you know what documents you require to complete your Tax Return? The most common ones are as follows:

Employment Income and Tax - P60 or P45 (plus last payslip)
Employer Benefits - P11D
Occupational Pension - P60 and Pension Certificate
State Pension - Pensions received and Notification Letter 2014/2015
Self-Employment - Business Income, Expenses and Profits
Partnership - Business Income, Expenses and Profits
Investment Income - Certificate of Bank Interests, Dividends Vouchers, Rental Income
Other Income - Child Benefits, Certificate of Life Assurance
Pensions Contributions - Details of Payments made
Gift Aid Charity Contributions - Details of Payments made
Mortgage Interests - Mortgage Statement

If you have other sources of revenue, you will need the documents that relate to the fiscal year from 6 April 2014 to 5 April 2015.

For further information, please contact us on 00 44 758 462 3239 or send an email to melanie.lck@gmail.com. Sign Up to receive Free Tips and checklists!