TXF6 UK
Syllabus B. Income Tax And Nic Liabilities B3. Income from self-employment

B3c. Allowable expenditure 3 / 11

Wayne is a sole trader.

When calculating his trading profits for the year ended 31 March 2021 Wayne has deducted the following expenses:

(1) Gifts of food hampers for 10 customers costing £450 in total

(2) Christmas party for 3 staff members costing £630 in total

(3) Legal fees of £150 in respect of the acquisition of a 20 year lease of a property

(4) Employee parking fine whilst on business of £30

What amount must be added back when calculating Wayne’s tax adjusted trading profits for the year ended 31 March 2021?