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Business gifts

Allowable Expense?

Risk level?

Possibly 🟡

Low risk 😃

Summary

Most gifts up to £50 (that you buy for customers) are tax-deductible. The gift must include direct advertisement for your business to be tax-deductible.

Detail

The gift must include direct advertisement for your business (e.g. include your business logo) and it cannot contain food, drink, tobacco or a voucher.

These expenses might be relevant too

Website

The various costs that are incurred when you set up and run a website for your business can be claimed as expenses (e.g., hosting costs and domain name costs).

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Allowable?

Risk level?

Allowable 🟢

Low risk 😃

Utilities

If you have separate business premises, you can claim the full cost of utilities for that space. If you work from home, you may expense a portion of your bills.

Read more

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Allowable?

Risk level?

Possibly 🟡

Low risk 😃

Travel

Expenses you incur when you travel for business can normally be expensed if you're a sole trader. This does not include costs of travel between home and work.

Read more

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Allowable?

Risk level?

Allowable 🟢

Low risk 😃