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.

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