Can I reclaim expenses from before I formed my limited company?
You may well have incurred various expenses starting out in the contracting world, before you formed a company. Can you reclaim these costs?
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.
Read our expenses guides for more information.