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Self assessment and a business website
Forever
Posts: 295 Forumite
in Cutting tax
I am working as a freelancer at the moment.
If I create a website, can I claim the full annual fees as a business expense in the self assessment form?
If I create a website, can I claim the full annual fees as a business expense in the self assessment form?
0
Comments
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I am working as a freelancer at the moment.
If I create a website, can I claim the full annual fees as a business expense in the self assessment form?
It would depend upon the purpose of the website.
The rule is, any expense which is incurred in earning the income may be claimed as a tax deductible expense against that income.The only thing that is constant is change.0 -
zygurat789 wrote: »It would depend upon the purpose of the website.
The rule is, any expense which is incurred in earning the income may be claimed as a tax deductible expense against that income.
So if this website is for my business, I will get the full fees back? That is great!0 -
So if this website is for my business, I will get the full fees back? That is great!
Not quite - you will get TAX RELIEF on the cost of the website. If you are a 20% taxpayer, your tax and NI bill bill will reduce by 29% of the cost.There are 10 types of people in the world - those who understand binary and those who do not. :doh:0 -
purdyoaten wrote: »Not quite - you will get TAX RELIEF on the cost of the website. If you are a 20% taxpayer, your tax and NI bill bill will reduce by 29% of the cost.
Oh, I see. Thank you very much for the clarification.0
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