Online Accountant Services

Is professional indemnity insurance tax deductible?

Yes, professional indemnity insurance is tax deductible as a legitimate business expense for UK businesses and self-employed individuals, provided it's purchased wholly and exclusively for business purposes and can be claimed against Corporation Tax or Income Tax through HMRC Self Assessment.

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Is professional indemnity insurance tax deductible? - GoForma Business Resources | UK Accountants & Tax Advisors
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