Common expenses questions answered
At our last Lunchtime Live event, our Chief Accountant Emily Coltman answered your questions about claiming tax relief on small business expenses in the UK. If you missed the live Q&A, just watch the video below to find out about claiming expenses for everything from travel to insurance. To jump the video to a specific question and answer, just select the questions below.
General
Why are expenses so important?
Food and drink
When could I claim expenses for a cup of coffee?
Is there a limit on the amount spent on business trips on restaurant and hotel expenses?
I’m a sole trader contracting for a company in London. Can I claim for lunch meals?
Entertainment
How does client entertaining count if you're a limited company?
Travel and mileage
What are the rules for restaurants during a business trip (meet client, prospects or distributors)?
How does VAT on travel expenses work regarding hotels (inside UK and outside)?
Is there a section on FreeAgent to enter fuel and travel expenses? What is the rate per mile also
Business use of home
Expenses in foreign currencies
Computer equipment and software
Mobile phones
Insurance
As a Sole Trader, is your general Health Insurance an expense?
Other
Should a Sole Trader record their pension in FreeAgent books?
When can you claim tax relief on animals?