Self assessment and a business website

Forever

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?

zygurat789

Forever wrote: »

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.

Forever

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!

purdyoaten

Forever wrote: »

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.

Forever

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.