Tax Tip Week 32 - Accountants Fees for IR35 are deductible
Contractors can be sure that their accountants fees in respect of IR35 contract advice and support are tax deductible on a Limited Company.
So too are the accountancy fees for the Limited Company accounts.
But Directors Personal Tax Return fees are not tax deductible on a company, and accountants who provide this service "within a company monthly fee" are risking their clients being assessed for tax on the proportion of the monthly fee that is for personal tax returns.
We believe that its is HMRC compliant to charge separately for a tax return to the Director, who should pay for this service personally.
For full details see our guidance on Accountants Fees.