As a contractor you are entitled to deductible tax benefits. Below is a brief list of expenditures, and whilst it is not exhaustive it does include the most common expenses that can be reclaimed purely for business purposes.
Although we do not need to see your receipts, we advise you to hold onto any for which you intend to make claims for as an business expense. We recommend you keep your receipts for at least 6 years as HM Revenue & Customs may ask to see your accounts for previous tax years if they randomly investigate you under IR35 investigation process.
To find out what other non-taxable expenses you are entitled to as a contract, sole trader or freelancer, call Taxaccolega on 0800-0235-234 or contact us by email on firstname.lastname@example.org.