[HIGHLIGHTS] Flat rate for business expenses 2024: This is the flat rate for the tax year 2023

The flat rate for business expenses, also known as the employee flat rate, is 1,230 euros. This amount is automatically deducted from the tax without the need to provide any further documentation.

If additional advertising costs are claimed, these can only be taken into account if they exceed the flat rate amount. In 2024, certain costs can be assessed as a flat rate without having to provide receipts. These costs can then be reported on the tax return to reduce the income tax payable. For confidential support, call the Samaritans in the UK on 08457 90 90 90 90, visit a local Samaritans branch or see www.samaritans.org for details. In the U.S., call the National Suicide Prevention Line on 1-800-273-8255 or visit www.suicidepreventionlifeline.org. For more information on the UK tax system, visit the HMRC website.