The following Employment Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
Expenses can affect a range of taxes including corporate tax, business income tax and VAT. As HMRC is likely to review expenses for multiple taxes, it is useful to highlight the main issues where other taxes may interact with employment-related expenses.
The general rule for a business to make a deduction for tax (be that corporate or business income tax) requires four criteria to be met. The expense must be:
incurred for the purposes of the trade
wholly and exclusively incurred
revenue and not capital in nature
For a detailed consideration of these rules, refer to the Adjustment of profits ― overview guidance note.
For all taxes, receipts should be obtained and kept as
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