wholly and exclusively Archives | Taxfile https://www.taxfile.co.uk/category/wholly-and-exclusively/ Tax advice & accounting services for South London businesses & SMEs Tue, 30 Jun 2015 18:25:50 +0000 en-GB hourly 1 Clothing: Wholly and Exclusively for trade purposes https://www.taxfile.co.uk/2008/09/clothing-wholly-and-exclusively-for-trade-purposes/ Sat, 27 Sep 2008 09:33:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/?p=14 When dealing with self-employment expenses, great care needs to be taken. An expense needs to have incurred wholly and exclusively for the purpose of the trade in order to be considered allowable. Some expenses by their very nature have a non-trade use and so are disallowed by the Tax Man. So it is the case […]

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