8 types of small business tax relief
Category | Examples of what you can claim |
|---|---|
Office & home | Rent, utility bills, business rates, and stationery. If you work from home, you may be able to claim a proportion of your domestic bills based on the number of rooms you use for your business or the time you spend working from home. |
Travel | Fuel, parking, train tickets, and hotel stays. You cannot claim for commuting to your usual place of work, or any fines you might receive whilst travelling for work. |
Staffing | Salaries, bonuses, pension contributions, and staff training relevant to the business. |
Marketing | Website hosting, free samples, newspaper ads, and professional subscriptions. |
Professional | Accountant fees, legal costs for business contracts, and professional indemnity insurance premiums. |
Donation type | Rules |
|---|---|
Gift Aid | If a charity or Community Amateur Sports Club (CASC) is registered for Gift Aid, they’re able to claim the basic rate of tax that donors have paid from HMRC.
This means a charity or sports club will get an extra 25p for every £1 you donate, and it won’t cost you extra. |
Payroll Giving Scheme | Donations can be made straight from wages or pension before tax is calculated.
The amount of tax relief will vary based on the rate of tax you pay. You can check your rates at gov.uk |
Land, property or shares | No tax is owed on any land, property or shares donated to charity, or sold below their market value.
Deduct the value of the donation made from your total taxable income and it will be deducted from your Income Tax calculation. |
Will donations | You can leave gifts to charity in your will and the total donation amount will be deducted from the value of your estate, before the Inheritance Tax is calculated. |