EPISODE · May 19, 2026 · 21 MIN
Claiming Fines and Penalties as a Business Expense
from Accounting for Small Businesses in the UK · host DeWyatt Financial Services Ltd
In this episode, we explore whether fines and penalties can ever be claimed as a business expense and where directors need to be careful. Using real-world examples such as parking tickets in company vehicles, we explain the tax rules, what HMRC allows, and the common mistakes businesses make when recording these costs.We also discuss the responsibilities of directors when dealing with company expenses, the difference between allowable and disallowable costs, and the potential consequences of getting it wrong. A practical and easy-to-follow episode for business owners and company directors looking to stay compliant while understanding the rules around business expenses.DeWyatt Financial ServicesFor all of your bookkeeping and accounting needs. We offer bookkeeping, accounting services for youDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.If you found this helpful and want to see if we can help you and your business, contact us here:[email protected] Reception: 07533 020639www.dewyattfinance.com
Embed this episode
What this episode covers
In this episode, we explore whether fines and penalties can ever be claimed as a business expense and where directors need to be careful. Using real-world examples such as parking tickets in company vehicles, we explain the tax rules, what HMRC allows, and the common mistakes businesses make when recording these costs. We also discuss the responsibilities of directors when dealing with company expenses, the difference between allowable and disallowable costs, and the potential consequences of...
Ready to play
Claiming Fines and Penalties as a Business Expense
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.