How to claim pre-trading expenses
When you set up a new business, you will likely have to spend money on certain goods and services before you are ready to trade. In this video, Nicholas Campion, our resident company formation expert, will explain what pre-trading expenses are, which costs you are able to claim, and how to apply for tax relief on these expenses when your business is up and running. Chapters: 0:00 Intro 1:07 What exactly are pre-trading expenses? 3:02 Pre-trading expenses you cannot claim 4:01 How is VAT treated with pre-trading expenses? 4:46 When does a business officially start trading? 6:00 How to claim pre-trading expenses for your limited company 7:11 Wrapping up Website: https://www.1stformations.co.uk/ Blog: https://www.1stformations.co.uk/blog/... Facebook: / 1stformations Instagram: / 1stformatio. . LinkedIn: / 1st-. . Twitter: / 1stformations #1stFormations #smallbusiness #smallbusinesses # businessadvice #startup #corporationtax #taxrelief #HMRC #VAT #companytax #taxclaim #expenseclaim
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