Allowable Business Expenses for Sole Traders

Wishlist Share

About Course

Claiming the right expenses reduces your tax bill legally; claiming the wrong ones can lead to penalties. Learn what self-employed sole traders can and cannot claim, how to split mixed-use costs, the 2026/27 simplified expense flat rates (including the new 55p mileage rate), the £1,000 trading allowance and capital allowances.

Tutwoo is an independent learning provider. This course gives general information about allowable expenses for sole traders, checked against GOV.UK in October 2026. It is not tax advice.

What Will You Learn?

  • Know the main categories of allowable expenses Apportion costs that are partly personal Use simplified expenses and the trading allowance where they help Keep evidence that will stand up if HMRC asks

Course Content

Course Lessons

  • The basic rule and common expense categories
  • Mixed-use costs and simplified expenses
  • Trading allowance, capital items and records

Sources & Further Reading
The official guidance this course is based on.

Final Assessment

Student Ratings & Reviews

No Review Yet
No Review Yet

Want to receive push notifications for all major on-site activities?

✕