Yes and no.

You can pay for an eye test through your business if you believe that it will enable you to carry out your work duties better.

You cannot claim for glasses or contact lenses through the business unless they are wholly and exclusively for business use, because they will have a dual purpose (of being both for personal and business use). This is unlikely to be accepted by HMRC unless they are for health and safety (ie you may need special glasses if you are making something, that you wouldn’t wear in ordinary life), or where you have a pair of glasses for home, and a pair for work.

20th October 2020

Can I claim an eye test and glasses through the business?

Yes and no. You can pay for an eye test through your business if you believe that it will enable you to carry out your work […]
20th October 2020

Can I give a gift to a team member?

Gifting to employees and directors: In summary: Directors are allowed to receive products or vouchers up to £300 PER YEAR. This does not have to be […]
20th October 2020

Can I give a gift to a client?

Can you give a gift to a client and claim the tax back on it? THESE RULES APPLY TO ALL BUSINESS TYPES: Gifts of food, wine […]
3rd September 2020

I have lost my Companies House authentication code – what should I do?

A Companies House authentication code is required to file accounts and a confirmation statement, and make changes to the Company. This is a code made up […]
10th July 2020

Do I have to register for VAT?

In the UK, the VAT threshold is currently set at £85,000 (for the 20-21 tax year). This means that if your taxable turnover in a rolling […]
29th June 2020

Payment on Account

If you file a self assessment tax return, you will have to make a Payment on Account (POA). This applied if you have tax to pay […]
21st April 2020

What is my UTR? And where do I find it?

Your UTR (or Unique Taxpayer Reference) is provided to you by HMRC when your business starts trading, or you register for Self Assessment. You will usually […]
14th April 2020

Can I include my accountancy fees?

As a sole trader, you may think you can include all your accountancy fees as a tax deductible expense however this is incorrect. You are allowed […]
9th April 2020

Who needs to file a Self Assessment tax return?

You must file a Self Assessment tax return with HMRC every year if you are self employed (and earn more than £1,000) or you are a […]