If you are a sole trader or partnership there are now 2 ways you can calculate business expenses for vehicles, working from home, and living on your business premises. You can use simplified expenses or calculate your expenses by working out the actual costs.
Use this checker to work out which method is best for you.
What you need to know:
- you’ll be asked to make estimates about some of your business expenses - you don’t have to give accurate amounts
- this checker doesn’t give exact figures to use in your tax return, it gives you an idea of which way of calculating your expenses might be best for you
- limited companies aren’t eligible