Every employee is entitled to the flat rate for business expenses. How high is the amount for the tax year 2023, what do you have to take into account when filing your tax return and where do you deposit the income tax allowance? You can find all the answers to the most important questions and a clear tax return checklist to download here.
Click here to download our free tax return checklist for the UK and Ireland. The flat rate allows employees to claim certain expenses in connection with their professional activity as a tax deduction. In 2024, certain costs can be assessed as a flat rate without having to provide receipts. This amount is automatically deducted from the tax without the need to provide any further documentation. If additional advertising costs are claimed, these can only be taken into account if they exceed the flat rates amount. By properly reporting advertising expenses on tax returns, taxpayers can take advantage of the various tax benefits available to them. For confidential support call the Samaritans in the UK on 08457 90 90 90, visit a local Samaritans branch or click here for details.