Skip to Content

Find out about tax reliefs and allowances available from HMRC if you run a business, employ people or are self-employed.

If you run your own business it’s important that you know what tax reliefs and other financial allowances are available from HMRC.

HMRC has a webpage which offers a summary of things you might want to explore to help you legitimately keep more of what you earn.

This includes:

If you are self-employed or run a business

  • Tax-deductible business expenses

  • Research and Development tax credits

  • Gift Aid

  • Business rates relief

  • Corporation Tax relief

  • Pre-trading expenses

  • Reclaiming VAT

  • Budgeting to pay your tax bill

  • The Patent Box scheme

If you employ others

  • Employment Allowance

  • Hiring an apprentice

  • Hiring a veteran

  • Allowable tax expenses

For further information please visit the HMRC Webpage.

Share this page:

News inCharnwood

Midlands Engine Investment Fund II - Nottingham Roadshow

Fri 24th May

The £400m Midlands Engine Investment Fund II will offer commercial finance options for SMEs. Join the British Business Bank in Nottingham on the 20th June to find out more.

East Midlands Chamber’s Quarterly Economic Survey for the second quarter of 2024 has opened

Thu 16th May

Businesses across the region are invited to participate in the research that will close on 10th June. The survey is a premier tool for informing decision-makers locally and in Westminster on the needs of East Midlands businesses.