Simplified expenses

Discussion in 'Accounts & Finance' started by John44, Apr 6, 2020.

  1. John44

    John44 UKBF Contributor Free Member

    80 1
    Hi,

    Can I claim £4 per week as a sole director/owner trading as a Ltd company from home for 2019/20 and is it tax deductible? Lots of confirmation a sole trader can but can't find any definitive notes for a Ltd company.

    Thanks

    John
     
    Posted: Apr 6, 2020 By: John44 Member since: Jan 25, 2013
    #1
  2. STDFR33

    STDFR33 UKBF Big Shot Free Member

    4,432 1,171
    Posted: Apr 6, 2020 By: STDFR33 Member since: Aug 7, 2016
    #2
  3. John44

    John44 UKBF Contributor Free Member

    80 1
    This is for employees and not directors though.
     
    Posted: Apr 6, 2020 By: John44 Member since: Jan 25, 2013
    #3
  4. STDFR33

    STDFR33 UKBF Big Shot Free Member

    4,432 1,171
    Same applies.
     
    Posted: Apr 6, 2020 By: STDFR33 Member since: Aug 7, 2016
    #4
  5. John44

    John44 UKBF Contributor Free Member

    80 1
    It says I should claim through self assessment! It's an expense of the Ltd company though if allowable.
     
    Posted: Apr 6, 2020 By: John44 Member since: Jan 25, 2013
    #5
  6. SteveHa

    SteveHa UKBF Ace Free Member

    1,772 364
    If you claim reimbursement from the company, then it's a company deduction. If you don't, then claim it via self-assessment.
     
    Posted: Apr 6, 2020 By: SteveHa Member since: Jun 16, 2016
    #6