During your self employment, it is possible that you will need to consider legal and professional charges.
This page looks at:
- Professional Fees
- Information Commissioner’s Office – ICO Annual Registration Fee
- Insurance Policies
Professional Fees #
During your self employment, you may consider hiring a professional to give advice, such as an accountant. Any fees which they charge for business purposes can be claimed as a business expense.
If you use an accountant to do your tax return, their fee would be added to the next years’ tax return.
Information Commissioner’s Office (ICO) Annual Registration Fee #
As a consultant, you will need to be registered with the Information Commissioner’s Office (ICO). This charge can be claimed as an expense – without it, your business legally cannot operate.
Insurance Policies #
You can claim for insurance policies or charges which are wholly for your business.
These could include:
- Payments for Slimming World Insurance (St Benedicts Insurance)
- Mobile Phone insurance (Slimming World phone only)
