What Expenses Can You Claim If You’re Self-Employed?

Updated July 2025

If you're self-employed in the UK, you can deduct certain allowable expenses from your income to reduce your tax bill. But what exactly counts as a business expense?

This guide covers common self-employed expenses you can claim, plus a few things to avoid.

What Are Allowable Business Expenses?

Allowable expenses are costs that are “wholly and exclusively” for the purpose of running your business. You subtract them from your income when working out your profit and ultimately how much tax you owe.

HMRC allows a wide range of expenses, but they must be directly related to your business activities.

Common Self-Employed Expenses You Can Claim

What You Can’t Claim

Some costs may feel “business-related” but aren’t allowable for tax purposes. These include:

Simplified Expenses: An Easier Option

If you're a sole trader or part of a partnership, you can choose to use HMRC’s simplified expenses method for things like:

It lets you claim flat rates instead of calculating actual costs, which can save time and reduce record-keeping.

Keeping Records

HMRC expects you to keep accurate records of all your business income and expenses. Keep receipts, invoices, and mileage logs for at least 5 years after the 31 January submission deadline for that tax year.

Using accounting software like QuickBooks, FreeAgent, or Pandle (which has a free plan) can help make tracking expenses easier.

Frequently Asked Questions

Can I claim food as a self-employed expense?

You can only claim food and drink if you're travelling for business purposes and it’s outside your normal working routine. Everyday meals at home or your usual place of work are not allowable.

Do I need to keep receipts for all expenses?

Yes. HMRC recommends keeping receipts, invoices, bank statements, and mileage logs to support your claims in case of an audit.

How do I calculate business use of home expenses?

You can either calculate a fair proportion of actual household bills (based on rooms and hours worked), or use HMRC’s simplified flat rate. The best option depends on your home setup and record-keeping habits.

Final Thoughts

Knowing what you can and can’t claim is key to paying the right amount of tax and not a penny more. If you’re unsure about a particular expense, it’s worth speaking to an accountant or checking HMRC’s official guidance.

The more confidently you track your expenses, the more profit you can legally keep. It’s one of the simplest ways to run a smarter business.

Author: Mason from KnowYourPound.co.uk
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