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  3. What are taxable expenses?
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  3. What are taxable expenses?

What are taxable expenses?

These are expenses which the business incurs directly but have a personal benefit to you. For example, if the business has paid for your personal gym membership.

These expenses will show in your company bank account and you will need to make your accountant aware of this by submitting an expenses form and submitting the necessary receipts, otherwise these expenses will not appear on your P11D.  

If you’re a Brookson Customer and believe there are any of these, please call us to discuss. You find more information on expenses via Brookson Connect.

Updated on 13th May 2020

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