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As a self-employed professional, you can deduct expenses that are “wholly and exclusively” incurred for the purposes of your trade (Income Tax (Trading and Other Income) Act 2005 s.34). In practical terms, these are costs you pay to run your business that are not of a private or capital nature.

From 18 November 2025, all company directors, PSCs, and anyone filing on behalf of a company will be required to complete identity verification in line with the new Companies House rules under the Economic Crime and Corporate Transparency Act.