HALF of UK business owners feel "overwhelmed" with the amount of paperwork they need to deal with.
Directors of UK companies believe their businesses have lost an average of £17,907 each due to tax relief confusion. “Read up on what you’re entitled to, particularly if you work at home or your office is based in a rural area. “By claiming every allowable expense, you’re making sure you don’t pay a penny more in tax than you have to.
Six in 10 owners didn’t know they could claim for relief on medical insurance or pension payments for employees. However, 18 per cent have mistakenly tried to put through everyday work clothes as tax relief – genuinely believing they were allowed.
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