Documents for Business

In excess of 1,000 customisable documents covering every conceivable business issue.

Introduction to this document

Private expenditure record

During a full enquiry into your tax return, if you are self-employed you can expect the inspector to start asking questions about your private expenditure. The presumption is that any “missing” takings from the business will show up as personal expenditure. Providing an accurate summary of your outgoings can help convince HMRC otherwise.

A full enquiry

If you’re subject to a full enquiry into your tax affairs, you may be asked to draw up a list of private expenditure for a year (usually in the current tax year or last accounts tax year). Our Private Expenditure Record aims to cover the majority of items you should take into account.