Company entertainment expenses – plus the £150 annual event exemption
The rules surrounding entertainment expenses are complicated, so it’s important to know the tax implications and reliefs available to your limited company.
If you incur expenses as a result of carrying out your contract work, you may be able to offset these costs against your company’s Corporation Tax bill – if you run a limited company.
If you’re an umbrella contractor, the scope to claim expenses has been greatly reduced over the last few years, particularly if your work is caught by IR35.
To get started, look at our complete list of limited company expenses.