01 / BUSINESS COSTS

Costs that may be allowable

These are common examples. A cost is allowable only if it is wholly and exclusively for your business, so check GOV.UK guidance on expenses if you are self-employed, or ask an accountant.

  • Products may be allowable
  • Equipment may be allowable
  • Sterilising supplies may be allowable
  • Insurance may be allowable
  • Training to update existing skills may be allowable
  • Booking app and card fees may be allowable
  • Room or chair rent may be allowable
COMMON MISTAKES

Common mistakes

  • Mixing professional products with personal cosmetics purchases.
  • Leaving equipment receipts apart from maintenance records.
  • Not retaining receipts for sterilising supplies.
  • Separating appointment bookings from invoices and payment records.
TRADE RECORDS

Records worth keeping for this trade

  • Receipts for products used in appointments.
  • Purchase and maintenance records for treatment equipment.
  • Receipts for sterilising supplies.
  • Booking records alongside invoices and payment records.

How can a beautician connect a treatment booking to the supplies used? Keep the appointment booking with related product and sterilising supply receipts, and retain equipment records alongside invoices and payment records.

02 / RECORD KEEPING

Keep records as you go

Keep receipts, invoices and mileage details as you work, and record business and personal use separately where needed. Organised records make it easier to prepare your Self Assessment return.

Not tax advice. Not affiliated with, or endorsed by, HMRC.