Tax return time - what you can and cannot claim in your tax return

It’s the number one question that all accountants get asked each year – what expenses can I claim in my tax return?

The general rule is that in order for an expense to be allowable it must be directly related to the running of the business.

What expenses can be claimed:


What expenses cannot be claimed:


Expenses that are for both business and private use

If you spend money on something that is for both business and private use, you can claim a deduction for part of the expense. This would include items such as phone bills, motor expenses and rent. You must work out how much of the expenditure was for business purposes and claim a deduction for that amount only.


Tax Credits

Tax Credits reduce the amount of tax that you have to pay and the credits to which you are entitled are dependent upon your personal circumstances.

Every year, thousands of Euros are left unclaimed by people who are just not aware of the additional tax reliefs that they could be claiming.

For example, if you are married and your spouse stays at home to mind a child then you could claim the Home Carer Tax Credit potentially saving you €1,100 in the 2017 tax return.

Last updated: 26th October 2018