Re:Frequently asked questions on expenses

30/04/2019 06:42:28

No, you are unable to claim these as expenses as these are not purely related to the business and are more personal expenses.

Re:Frequently asked questions on expenses

02/05/2019 12:36:49

When you are self employed and you borrow money from a family member to set up your business can you claim these repayments as expenses? What is needed to evidence this?

Re:Frequently asked questions on expenses

02/05/2019 15:47:21
Hi there,

You cannot claim the repayment of the actual loan as an expense but if you pay interest on the loan you may be able to claim tax relief.

If you are using the cash basis please see this link:


If you are using traditional accounting please see this link:


If you have been charged interest you would need paper work documenting this.

Thanks for your question.

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Frequently asked questions on expenses

29/07/2019 06:43:05
Hi, I am self employed and travel to provide service to clients based on assignments procured through an agency. The agency provides a milege reimbursement of less than £0.45 per mile. Eg. Travel 40 miles to a job. Agency pays 40 x £0.20 = £8.00. Allowable HMRC 40 @ 45p = £18.00 Difference between allowable claim under HMRC £(18 -8 = 10). How should I enter this in my tax return?

Re:Frequently asked questions on expenses

29/07/2019 07:53:23

The approved mileage rates are 0.45 pence for the first 10,000 business miles and then 0.25 pence for anything over the 10,000.

If you get paid only 0.20 pence then you can claim the difference of 0.25 pence when completing your self assessment return.

Please refer to the following links:

Car, van and travel expenses

Simplified expenses if you're self-employed