Allowable expenditure

1. the cost of goods bought for the business
2. the PRIME costs of running a business asset
3. wages and salaries of employees
4. heat, light and cleaning of business premises
5. REPAIRS to and maintenance of business premises
6. postage and stationery
7. business telephone and RENTAL
8. bank charges and interest on business loans and overdrafts
9. travel and entertaining if the SOLE purpose is to retain or acquire business
10. legal costs of defending business rights and renewing leases of less than 50 years duration
11. bad debts and specific doubtful debts
12. protective clothes necessary for the business

Dis allowable expenditure

1. private expenditure
2. clothes bought for ordinary everyday wear
3. acquisition and depreciation of business assets
4. your own wages or salary
5. your business partner's wages or salary
6. payments to charities
7. travel expenses between your home and place of business
8. a general (non-specific) provision against doubtful debts
9. legal costs of acquiring land and buildings
10. fines for breaking the law
11. your own life, accident or sickness assurance
12. costs of alterations, additions or IMPROVEMENTS to business premises

Allowable expenditure

Dis allowable expenditure