CONTRACTOR EXPENSES GUIDE

IR35

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The amount of allowable expenses will depend to a large extent on your IR35 status.

If your contract is caught by IR35 then the only expenses claimable before calculation of the deemed salary are:-

5% of net sales
Travel and accommodation expenses
Pension contributions
Professional subscriptions

The expenses allowable for a contract not caught by IR35 would typically be as follows:

Company formation
Accountancy fees
Business travel and accommodation
Postage for business
Stationery for business
Business telephone calls
Mobile telephone and calls
Salaries
Employer's N.I. contributions

Claiming expenses can have a considerable effect on your business through tax implications and available income for salary and dividends. All claims should be considered carefully.

Contributions to an executive pension plan
Business entertainment
Equipment purchased for business purposes
Motoring expenses using fixed rate allowances
Computer software
Technical books and journals
Certain professional subscriptions
Use of home as office
Company bank charges and interest

Contractor Pages ► Contractors & Freelancers ■ IR35 & Personal Service Companies ■ IR35 Advice ■

■ IR35 Employment Status ■ Advantage of Separate Contracts for Each Project ■ IR35 Case Law ■

■ Engaging as Employee or Contractor ■ IR35 Status Review ■ Contractor Expenses Guide ■

Registered office: 61 Friar Gate, Derby, Derbyshire, DE1 1DJ T: 01332 202660

Adrian Mooy & Co is the trading name of Adrian Mooy & Co Ltd. Registered in England No. 05770414

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01332 202660

61 Friar Gate Derby DE1 1DJ

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