From understanding expenses to starting a limited company, our downloadable business guides can help you.
As a freelancer, contractor, or small business owner, you aren’t able to claim for glasses or contact lens on your annual Self Assessment unless they’re prescribed during your time at work, specifically for ‘monitor or screen work’.
If you wear these outside of work, they technically offer a dual purpose and aren’t considered exclusively related to business use. On the other hand, if a prescription is required for glasses that are ‘wholly and exclusively used for business purposes’, and you can prove that you don’t use them outside of work, then the purchase is more likely to be considered a an allowable business expense.
For instance, you might have two pairs of glasses, one for home and another pair just for work.
It’s generally fine to claim expenses for an eye test, providing you need it for the use of visual display equipment in your duties.
The rules on what you can and cannot claim as business expenses are complicated and vary depending on a number of factors. Perhaps you want to know if you can claim back on energy bills when using your home as an office, or how much you can claim back in expenses from throwing a Christmas party? Find all the answers by downloading our guide.
This handy guide will help limited companies understand what they’re entitled to claim in business expenses, so you won’t end up paying more tax than you have to.
You might avoid a fine if a close relative died shortly before the self assessment deadline, you've been seriously ill, or if you had major IT problems.