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How to Claim back pre-trading expenses in the UK

It’s entirely possible that you have incurred business costs prior to forming your limited company. You can claim back pre-trading expenses for things like:

  • Computer equipment and software
  • Domain name registration & hosting
  • Office rent
  • Business insurance
  • Stationery
  • Accountancy & other professionals costs
  • Travel costs

Just remember that the expenses have to have been solely for business and not personal use. You’ll also need your receipts and proof of purchase as well, as you would for any company trading expense. Bear in mind that any training costs incurred prior to incorporation aren’t allowable, nor are preliminary activities such as writing a business plan or negotiating contracts.

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There is one final bit of good news. You can claim any expenses incurred within seven years of forming your company. Make sure you keep every receipt or invoice and get it filed when running a business – they’ll always come in handy.

Our small business accountants will liaise with you all the way to make sure everything is being dealt properly.

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