Hi Everyone,
Just have a few queries with regards to allowable expenses..
1) Just to verify... if a small business is leasing a business unit at £525 per month and is used for business only, then ALL that amount is classed as an Allowable expense?
2) Can a business claim back bank charges (eg I pay £7.50 per month to use Santander business banking);
4) are charges that are incurred when customers pay for goods by credit or debit cards (even the mobile card readers such as izettle/paypal) NOT now classed as an allowable business expense?
3) Can a business apply to be VAT registered on (a lesser Turnover) say £50k year ?
Thanks as always I do know most of the answers to the above questions BUT things are constantly changing nowadays hence the queries... thanks again for any replies received.
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