What can directors claim from their personal expenses
Oh, it’s fine! I’ll just cover it through my company’s card”, is an expression we all may have come across in our lives. But there is a common dilemma among directors, especially of small companies as to what they can and cannot claim as a tax-deductible expense. Knowing what to claim as tax-deductible expenses is a simple way to keep your business tax efficient as your profit would be lesser ending up in you paying lesser corporation tax.