Good news! If you’re one of the UK’s many self-employed workers who work from home, you can claim some of the cost of running your home as a business expense, which will save you tax!

Here’s how to work out how much you can claim……….

VAT (Value Added Tax) can apply to almost any type of business, whether you're a sole trader, limited company, partnership, or LLP.

Understanding when you need to register and what your responsibilities are can help you avoid unexpected costs, penalties, and unnecessary stress.

If you use your personal vehicle for business journeys, you can include the cost of the mileage incurred in your accounts, therefore saving you tax.

What is business mileage?

Business mileage relates to any mileage incurred whilst carrying out your business. It should be wholly and exclusively for the business. So, if you go shopping with friends, but pop into the bank whilst there, that mileage isn’t solely for the business and isn’t allowable.