Free game — 3 minutes
Spot the Allowable Expense — Can You Get 20/20?
Think you know which expenses are tax-deductible and which are not? It is trickier than most business owners expect. HMRC's rules on allowable expenses have plenty of grey areas and common misconceptions. Test your knowledge with 20 real-world expenses — some are fully allowable, some are partially allowable, and some are not allowable at all. You get an explanation for each answer so you learn as you go.
Why this matters for your tax bill
Every allowable expense you miss claiming is tax you did not need to pay. If your company pays 25% corporation tax, a missed £1,000 expense costs you £250 in unnecessary tax. Across a year of missed expenses — business mileage, home office costs, professional subscriptions, phone bills — the total can easily reach four figures. Equally, claiming something that is not allowable can trigger an HMRC enquiry. Getting it right matters in both directions.
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Book a free discovery call →Provided by Grosvenor.Solutions. For educational purposes only — does not constitute tax advice.