Trade Show - which allowable expense box?

[Jeff FV]

Which allowable expense box would exhibiting at a trade show come under?

Below is a copy and paste from the self-employment notes and I can't see an obvious one to put them in.

My thinking, it's either:

• 20 "Rent for business premises ..." as I suppose we were renting business space at the trade show
• 23 "Advertising" ... I budget for trade shows in our advertising budget as thats how I see it - we're advertising our wares to sell to the trade, but the 'bumph' accompanying that box talks of newspaper ads etc.
• 29 "Other sundry business expenses not included elsewhere" a bit of a catch all, meant more for odds and sod etc. not major outlays.

As ever, any help & advice greatly appreciated.


Thanks again


Jeff

Table of allowable expenses
Box Allowable expenses

16 Cost of goods bought for resale, cost of raw materials used; direct costs of producing goods sold; adjustments for opening and closing stock and work in progress; commissions payable; discounts given. Taxi and minicab drivers and those in the road haulage industry should include fuel costs here, rather than box 19.

17 Total payments made to subcontractors in the construction industry (before taking off any deductions). If you take on subcontractors in the construction industry (including work in a domestic environment, such as painting and decorating), then you probably need to register as a contractor in the Construction Industry Scheme (CIS). Please phone our New Employer Helpline on 0845 60 70 143 or, to find out more about CIS, phone our CIS Helpline on 0845 366 7899.

18 Salaries, wages, bonuses, pensions, benefits for staff or employees; agency fees, subcontract labour costs; employer’s NICs and so on.

19 Car and van insurance, repairs, servicing, fuel, parking, hire charges, vehicle licence fees, motoring organisation membership; train, bus, air and taxi fares; hotel room costs and meals on overnight business trips.

20 Rent for business premises, business and water rates, light, heat, power, property insurance, security; use of home as office (business proportion only).

21 Repairs and maintenance of business premises and equipment; renewals of small tools and items of equipment.

22 Phone and fax running costs; postage, stationery, printing and small office equipment costs; computer software.

23 Advertising in newspapers, directories etc. mailshots, free samples, website costs.

24 Interest on bank and other business loans; alternative finance payments.

25 Bank, overdraft and credit card charges; hire purchase interest and leasing payments; alternative finance payments.

26 Amounts included in turnover but unpaid and written off because they will not be recovered.

27 Accountant’s, solicitor’s, surveyor’s, architect’s and other professional fees; professional indemnity insurance premiums.

28 Depreciation and loss/profit on sale of assets are not allowable expenses – any amount entered here you should also enter in box 43.

29 Trade or professional journals and subscriptions; other sundry business running expenses not included elsewhere; net VAT payments.

 

[Scalloway]

I would use advertising, as that is what most closely matches the purpose of attending a show.

 

[Jeff FV]

Thanks - that's what I figured, always good to have a second opinion.

Cheers

Jeff