Soldato
- Joined
- 20 Jun 2005
- Posts
- 2,767
- Location
- Derby
Hi,
I'm about to go freelance and was wondering if someone would know the answers to a few questions regarding claimable expenses...
I'm paye at the moment, can I claim some things against my tax that I buy in the next few weeks?
i.e. setting up ready for freelance in mid May
Say I spent 300£ on Monitors, would 300£ come off my tax bill next year, or is it a %?
Is there a maximum amount of expenses that can be put in?
i.e. say I had to pay 4000 tax but had expenses of 3800, would I only pay 200 to HMRC?
I'll be speaking to an accountant at some point but just wanted to get some answers 1st
Thanks
I'm about to go freelance and was wondering if someone would know the answers to a few questions regarding claimable expenses...
I'm paye at the moment, can I claim some things against my tax that I buy in the next few weeks?
i.e. setting up ready for freelance in mid May
Say I spent 300£ on Monitors, would 300£ come off my tax bill next year, or is it a %?
Is there a maximum amount of expenses that can be put in?
i.e. say I had to pay 4000 tax but had expenses of 3800, would I only pay 200 to HMRC?
I'll be speaking to an accountant at some point but just wanted to get some answers 1st

Thanks