Business Bank Account Charges - Contractor UK Bulletin Board

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Sally BFCA replied

19 November 2009, 13:30
Yes they are an expense. Have you consider a Cater Allen account? on-line free banking for up to 30 transactions a month.
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xoggoth replied

18 November 2009, 15:30
Completely valid business expense I'd say. You are obliged to have a business a/c and after all, any interest (ha, ha) you get is taxed as profit.

Last edited by xoggoth; 18 November 2009, 15:33.
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bandit_legs started a topic Business Bank Account Charges

18 November 2009, 14:29
Business Bank Account Charges

I was reading a post regarding tax earlier - someone mentioned that they were claiming back bank charges?

I pay Natwest a standard monthly fee of £3.75 to keep my business account open - and any additional services i require i.e cheque processing etc is charged accordingly.

Is it true i can claim back these charges as expenses?

Thanks.

E.D
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